I was reading Coyoteblog when i read this
The entire history of the third world oil industry can be written as follows:
1. U.S. companies invest huge amounts of capital and know-how to build oil industry.
2. Once things are producing, local government steals it all.
3. Oil fields go into extended decline due to short-term focused and incompetent government management.
4. U.S. companies invited back in to invest huge amounts of know-how and capital.
5. Repeat 
