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“ ”Oil extraction is much more capital-intensive than it is labor-intensive — which means it doesn’t produce a lot of lasting jobs. But in the end, it does produce big revenues when it’s sold on the global market. That sets the stage for grand-scale corruption of the political class: people who can maneuver themselves into getting a cut of that sale price of oil will find themselves quickly rich, whether or not they actually expend any effort to pump the stuff out of the ground.
About Rachel Maddow
Rachel Anne Maddow (born April 1, 1973) s an American television news program host and liberal political commentator.
Biography information from Wikiquote
Additional quotes by Rachel Maddow
When a German U-boat torpedoed a New York–bound passenger liner in May 1915, drowning 1,200 civilians, including 124 Americans, Viereck defended Germany for doing it.
Why sermonize about the superiority of your ideas and values when it was so much more effective to attack the motives and character of your opponents, to call them names, to question their love of country. The vice presidency of Spiro T. Agnew marked the birth of the bruising, know-nothing confrontational conservatism that has been eating the lunch of seemly, Kiwanis Club Republicanism ever since.
Evidently, he would prefer a different kind of television reporting,” he said of Agnew, “one that would be subservient to whatever political group happens to be in authority at the time. Those who might feel momentary agreement with his remarks should think carefully about whether that kind of television news is what they want.