The oil business quietly fights leftists. The real purpose of nationalizing their business is to flip that significant source of money and power to be in support of leftists. California is quickly turning into Venezuela Norte.
I was bidding a project for PDVSA, they required the equipment’s serial number to be acid etched inside of the unit. The item was a large electric motor. I could not find any MFG which offered this etching, or would stop production to allow an outside etching company to handle. I informed the customer and also ask why the very unusual requirement. The answer was they had a theft problem. I explained to them that the large, 12,500 pound motor was not a theft problem, because you had to get a crane, a large of truck to hold the motor and the personnel that could unhook a medium voltage motor. So I said you have an organized crime problem and acid etching is not gonna stop them.