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The American Empire in a Changing World



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Thursday, July 12, 2012

''Whose oil is it anyway?''

From Asia Times Online

''Oil is a finite resource. It is tantamount to capital in the ground and is thus apart of a country's capital stock. In most countries, all valuable depletable resources - such as oil, natural gas, copper, platinum, gold, uranium, diamonds emeralds and more - belong to the state, in other words to all citizens, with the implications that it should be depleted and managed in such a way as to benefit all citizens of this and future generations. The United States and a few other countries around the world are the exception to the rule and assign resource ownership to the landowner.'' 

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