Great Britain had actually created a national oil company in 1975. Just a few years after Thatcher took her place in 1979 she let go British National Company and then British Petroleum within intent of creating a sort of private or commercial governance of North Seoel. She was able to present the governance of North which basically zeroed royalties with very low taxation with very favorable investments for private business as a model that should be applied elsewhere in the world.
Featuring Giuliano Garavini on his book The Rise and Fall of OPEC in the Twentieth Century. The second in a two-part series on the 20th-century history of petrostates, petrocapitalists, and the world system.
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