> The argument that privatization will end the huge losses sustained
> by state-owned oil companies because of price controls that set
> domestic prices well below international prices (and I would add to
> the losses sustained from gross inefficiency and self-enrichment of
> government officials and politicians at the public's expense) is
> true, but the Yukos fiasco among others have adequately
No it is not. Because to cost of raising oil prices will slow down the countries economies and the states will pay the bills in the end anyway. The poor will get poorer etc. The argument is only about the loss it is for private owners to not own those companies. But I suppose I don't need to argue about that here.
JC Helary