Tuesday's front page story entitled “Big Oil spends to jack up stock” scrutinized international oil companies for business decisions made with their earned revenue. I was wondering if that same scrutiny will be used to examine the expenditures of those entities that control roughly 90% of the world's proven oil reserves. I am, of course, referring to governments around the world. I am not going to hold my breath, however, because we all know that expenditures on socialistic welfare programs are beyond scrutiny, while any form of profit is per se evil.Here are some examples of Big Government mismanagement of oil.
It is ironic that the term “Big Oil” is applied to entities that are puny in comparison to those that actually control oil. In reality Big Government is Big Oil.
The original article that I am replying to is pretty sensationalist to begin with. It is obviously trying to stir up some controversy around how oil companies disperse their profits.
What is the proper distribution of revenue? Hell if I know. But if the oil companies are making the 'wrong' decisions then profits won't be a problem for them in the future, and idiot reporters won't have to worry about writing sensationalist claptrap.