Many developing [oil rich] nations are without physical and bureaucratic infrastructures necessary to develop and refine their own oil reserves. Because of this, governments of developing nations usually make deals with oil companies to speculate and build oil fields on their land, but usually getting a fraction of profits made. Clearly, it would be in the those governments best interest to demand a deal that gave a lions share of the proceeds, however these governments simply do not hold enough leverage and power to do so. The clearest example of this took place in Equatorial Guinea, as the nation was hoping to find a firm willing to speculate in the area previously labeled as useless. Pierre Atepa, an adviser to the Guinean president, goes on to explain the reasoning behind their choice to agree upon a mere 12% cut of their oil revenues during the first year of their deal: “You know, when they tell you, you don’t have anything, you make a deal, and they say, ‘OK, let’s hit a deal. If we find, we take almost everything.’ You know, you may as well have a little bit of everything than everything of nothing.