It’s also like real estate where tax strategy drives the bus. Oil is a capital intensive business but by isolating each layer or spinning off the layers alot of

It’s also like real estate where tax strategy drives the bus. Oil is a capital intensive business but by isolating each layer or spinning off the layers alot of the margin is essentially a transfer from the government. Oil is one of the original businesses that developed these strategies. John Rockefeller was surprised to have made money post Standard Oil!