Nationalizing private assets (gov't stealing from rightful owners) is hardly in anyone's best interest (think: Cuba) and the gov'ts of more than a few of the countries in economic trouble do control their oil.
That said, your "genuine question" has NOTHING to do with the subject matter and you have yet to establish any validity to your claim. It just sounds like socialist whining and a lame attempt at deflection..
Hmmmmmmmmmmmmm.... So, why was there so much shit when Iran wanted to nationalize their oil or when Egypt moved that direction. I mean it is that countries resources. Nay?
I have no idea what you are talking about (and evidently neither do you) but it's clear you just don't want to discuss the subject of this thread. BTW, there is little anyone can do when some despotic gov't decides to steal assets at gunpoint from the rightful owners.
(see:
Nationalization of oil supplies - Wikipedia the free encyclopedia)
Iran
Since its beginning, Iran's oil industry has experienced expansion and contraction. Rapid growth at the time of
World War I declined soon after the start of
World War II. Recovery began in 1943 with the reopening of supply routes to the
United Kingdom. The oil was produced by what became the
Anglo-Iranian Oil Company, but political difficulties arose with the Iranian government in the
postwar period.
[11]
Iran sought to rid itself of British political influence and the exploitation by AIOC. Negotiations between Anglo-Iranian Oil Company and the government failed and in 1951 the oil industry was nationalized. As a result of Britain's boycott and the
Abadan Crisis, Iranian production dropped to virtually zero. On British initiative the
CIA overthrew
Prime Minister of Iran Mosaddegh in
Operation Ajax. Formally the nationalization remained effective, but in practice a consortium of oil companies was allowed in under a by then standard 50/50 profit-sharing deal.
The whole process had left the British a major share in what had been their single most valuable foreign asset. It had stopped the democratic transition in Iran however, leaving its mark for decades to come. The coup is widely believed to have significantly contributed to the 1979
Iranian Revolution after which the oil industry would be nationalized again.
Iraq
The properties of the majors were nationalized totally in Iraq, in 1972.
[12] Worldwide oil shortages major oil supplies in the 1970s forced major oil suppliers to look elsewhere for ways to acquire the resource. Under these circumstances, NOCs often came forward as alternative suppliers of oil.
[12] Nationalization of the Iraq Petroleum Company (IPC) in 1972 after years of rancor, together with restrictions on oil liftings by all but one of the IPC's former partners, put Iraq at the forefront of direct marketing.
[12] Iraq's oil production suffered major damage in the aftermath of the
Gulf War. In spite of United Nations sanctions, has been rebuilding war-damaged oil facilities and export terminals.
[11] Iraq plans to increase its oil productive capacity to 4 Mbbl/d (640,000 m3/d) in 2000 and 6 Mbbl/d (950,000 m3/d) in 2010.
[11]
But, I do know. And so do you.
