Saturday, March 7, 2009

The only way

The only way we citizens have to escape the oil curse is avoiding the centralization of the net oil revenues in the hands of the government, at least during an oil boom.

The way I, an oil cursed citizen, would start visualizing a solution, is in terms of having any net oil revenues that represents more than a percentage of GDP and that is distributed, being paid out in cash, directly to the citizens instead of to the government.