The United States is one of the only countries where oil, and to a lesser extent, other fossil fuels, are privately owned. In most places they are a state asset, a rent, which is leased to bidders/FDI, or directly owned/managed by the state.
Even the US has limited forms of said ownership, such as with the Alaska Permanent fund, which is pseudo ownership, and various other trust funds & so on.
Canada is a mixed case. While the state plays a large role in many areas, public corps manage oil trusts, the state takes a large cut of revenue & founded many of the companies, it’s more similar to the US these days.
One conservative estimate of ecological externalities which doesn’t fully account for ecosystem services, public health, biodiversity, nonlinear effects, & the 9 planetary boundaries finds ecological externalities at 13% of GDP, & 27% of private industry earnings.
See here https://twitter.com/yungneocon/status/995474366103277570">https://twitter.com/yungneoco...
Of course militaries & states are among the biggest. Through things like military expenditure, infrastructure, underpriced parking & tolls & state energy usage, we can estimate it as being around the same as private.
Outside of the US & Canada, almost all the biggest fossil fuel producers & many mining concerns etc are state owned & managed (& to this we can add airlines & arms industry which are similar) https://twitter.com/yungneocon/status/1159185580065992704?s=21">https://twitter.com/yungneoco... https://twitter.com/yungneocon/status/1159185580065992704">https://twitter.com/yungneoco...
The US & Canada do provide massive subsidies, tax breaks, monopoly, industry written regulations, land giveaways, credit, interest support, protectionism, & purchases. Not to mention support of its military & related establishments.
State owned firms are leading ecological nightmares all over—Russia, China, Malaysia, Australia, Norway, Mexico, Brazil, India, South Africa, Indonesia, to name a few https://twitter.com/yungneocon/status/1231807198453551104?s=21">https://twitter.com/yungneoco... https://twitter.com/yungneocon/status/1231807198453551104">https://twitter.com/yungneoco...
As the thread I linked above demonstrates, state socialist societies were no environmentalists wrt ecological issues & resource use https://twitter.com/yungneocon/status/1159183146094665730?s=21">https://twitter.com/yungneoco... https://twitter.com/yungneocon/status/1159183146094665730">https://twitter.com/yungneoco...
This thread details economic data about USSR but of relevance here for containing further sources on the political economy of oil in General https://twitter.com/yungneocon/status/1240003489813663750?s=21">https://twitter.com/yungneoco... https://twitter.com/yungneocon/status/1240003489813663750">https://twitter.com/yungneoco...
https://twitter.com/yungneocon/status/1213481949915942913?s=21">https://twitter.com/yungneoco... https://twitter.com/yungneocon/status/1213481949915942913">https://twitter.com/yungneoco...
You can follow @yungneocon.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled: