Iraq invaded Kuwait to seize oil platforms? Not oil reserves?

Discussion in 'Economics' started by crgarcia, Jul 19, 2008.

  1. The same way Chavez seized Exxon platforms.

    These dictators have plenty of oil under their feet; but don't have the money, knowhow, technology or discipline to build and run drilling platforms?

    Political instability also prevents foreign firms from investing, unless they get a very large portion of the cake?