UK is one the poorer countries in Western Europe and it has oil.
I bet you also are unable to learn any lessons from the ancient Roman empire since Rome is now just some touristy city with a lot of litter, or something?
The US produces around 13% of the world's oil today (and also produced most of the oil and gas for a period when it was new), around the same as Saudi Arabia, and has constantly benefitted from its natural resources (not just oil-- even going back to trees and iron ore)
But none of those things are in any way central to my point-- the advantage of being in a common law country when you run a business in a complex evolving commercial industry, so you can both depend on reliable consistent law, but also expect it to naturally and flexibly extend itself to new situations faster and more consistently with older expectations than a political legislature possibly can.
Some companies like BASF struggle in the American law environment in a combination of jury responsibility (very old concept!), high penalties and jury don't have any clue about science.
I've never heard any such complaint about the European law systems.