When it comes to Oil, Beware of Socialists and Government Control of Oil Assets

When it comes to oil state control is a real train wreck. Its always abused.  The following examples illustrate:

1) Brasil – State run monopoly always raises prices when the price of oil goes up,  but mysteriously never lowers prices.  They are a price diode!  Environmentalist wackos take note:  Its illegal for a normal everyday citizen to make biodiesel in Brasil.  Only the state run corporation can do this.  Capitalism and environmentalism in the end are synonymous terms. You have to let capitalism have its errors to have its efficiencies of estimating values.  There is no magically correcting errors by the government.  Thats socialism and its been proven to have a larger mean square error when it comes to allocating resources.

2) Venezuela – absolute train wreck.  Not going to waste my time explaining why and how this country is so fudged up.

3) Middle East – Full of strong men able to isolate themselves from the minions they rule because they have petro dollars.  Meanwhile the only career choices they have are terrorist and cleric. ( Which might be the same thing )

4) Russia – Putin puts it in daily.  Goofing up what could have been their economic turbo diesel locomotive. 

The world is full of petty dictators. Not all of them in office. Are you a socialist / dem / liberal / communist ?  You might be a petty dictator too.