Earlier quoted context omitted.
This feels slightly more true than the comment you responded to. But I feel that important aspects are left out. I don't feel like I can make much justice for those aspects but here's my two cents: Selling oil on the free market disproportionately benefits those that own the means to process and resell it further. Or rather, those that ultimately coordinate global oil logistics. The global fossil fuel market doesn't…
The means to process and transport oil are commodity, there's very little surplus in it. It just requires a bit of investment, but not much. Exclusive control of 'easy access to Oil' is overwhelmingly the power in that value chain. The 'first order' issue is earlier in the process, it's that 'House of Saud' keeps most of the surplus for their family and furthermore use it to do some suppressive things. The fossil fue…
> Exclusive control of 'easy access to Oil' is overwhelmingly the power in that value chain.
Singapore might disagree. But what do they know?