Quotes About Oilfields

I'm originally from Hobbs, New Mexico but moved around a lot growing up. My family had a ranch 40 miles from town where they raised cattle and sheep. Shortly after I was born they sold the ranch and my father went to work in the oilfields.

He destroyed Iraq. When he became president in 1979 he gained total control of a country with a well-educated population, an efficient administration and extensive oil reserves. In a quarter of a century, he impoverished his people, drove many of them into exile and left the Iraqi oilfields in the hands of foreign troops.

Auctioning of natural resources such as spectrum, coal, oilfields, and land for commercial exploitation can largely substitute for tax impositions.