@reasoning logic,
Simple minded nonsense was my first impression when watching the video and let deal with oil and the Middle East.
First all the oil in the middle east would still be worthless without Western culture and in the case of oil mainly the US developing large scale uses for the oil beginning with kerosene for lighting replacing whale oil and later on the engines that could use gasoline and diesel make from the oil.
Next dealing with the idea that the big bad oil companies make a pact with local evil overlords and arm them so the companies could ripped the oil off the poor people that the oil to this point had been worthless to them.
The oil companies was not responsible for the social development stages of the people who they found living on top of the future oil fields and for a large part those societies were base of tribes that did not get along with each other or who treated their own lower class members well.
Somehow as the only thing the oil companies care about was drilling for oil in peace so I question if the companies would not had been far more over joy to had found large scale and stable governments and sociality to deal with instead of the mess that existed on the sites of the new oil fields.
They instead needed to deal with the societies that they found existing when their surveying and drilling teams arrive.
The local lower class people did get some benefits as some of the new wealth did filter down to the lower classes and as the oil companies needed some stability the intertribal fighting was reduce by giving one tribe the power to enforce peace by force of arms if need be.
So to sum up the oil companies was not evil they just work with the culture they found existing and it would had been far cheaper and simpler if that culture had been more balance and fair and stable.
One thing they surely were not responsible for was the imbalances of wealth in those societies nor did they ripped off the poor people in those regions instead they pump great wealth into the area in trade for a resource that had been worthless to them before the companies showed up.