Sunday, September 11, 2011

Oil!

Did you know that, in terms of the size of their reserves, the world's three biggest oil companies are all Russian? I think we've all heard of Gazprom, but it is actually the smallest of the three; both Lukoil and Yukos are bigger. Russia also has numbers 8 and 10 on the list.

That's awful for Russia. Consider the effect the oil lobby has on the United States political process and then think about what would happen if the oil companies were bigger and the political process was less transparent. Is "corrupter" a word?


Speaking of "corrupter", do you think that after Qatar used all of that oil money to bribe FIFA and become host of the 2022 World Cup soccer dudes will be motivated to reduce their dependence on foreign oil?

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