![Much Of The World’s Oil Is Owned By Governments: There’s No Good Reason for This](https://cdn.newsserve.net/en/knowledge/Kuwait_20190123.jpg)
Much Of The World’s Oil Is Owned By Governments: There’s No Good Reason for This
By Adnan Al-Abbar
In many oil-producing countries, governments own the resource (namely, oil) that they’re extracting. Whether this is a favorable state of affairs in matters of productivity and efficiency will not matter to us in this article. What does matter is that libertarians claim that government “ownership” of...