3 ms·

The US and Canada (Alberta) both were as well. Yet both have massive debt instead of huge amounts of money.

• endorphone 7y ago
  In the US, and to a lesser extent Canada, the idea of the state benefiting too much is seen as lefty socialism (Canada briefly flirted with economic nationalism with the creation of Petro-Canada, but this was vehemently opposed by US energy companies). So we have a classic situation where the profits are privatized to the very few, and the costs are socialized (climate change, abandoned wells, pollution, etc).
• buboard 7y ago
  as mentioned elsewhere, they don't export nearly as much oil