Democrat Maxine Waters calls for nationalization of the Oil industry.
"It will be about basically taking over and the government running all your companies" - Maxine Waters (D-CA)
Thoughts? Good idea to to take a page out of Hugo Chavez's playbook? Or bad idea?
nationalisation is never a good idea...it eliminates market forces that keep a company competitive...ie keeping costs low...
granted it'll mean higher employment and higher salaries and pension within the institution...but when inflation hits then there will be a sell off (as there was in the UK) and then extreme boom and bust economies come back into play...and noone wants that
Re: Democrat Maxine Waters calls for nationalization of the Oil industry.
Originally posted by KidRock
http://www.youtube.com/watch?v=GqjFBiPMmBE&eurl=http://forum.bodybuilding.com/showthread.php?t=108138761"It will be about basically taking over and the government running all your companies" - Maxine Waters (D-CA)
Thoughts? Good idea to to take a page out of Hugo Chavez's playbook? Or bad idea?
That will be great. If you want to spend $15 a gallon. 🙄
Originally posted by Symmetric Chaos
Great evidence for how the free market is keeping prices down.Nationalizing the industry would be an improvement from the supposed free market controlling the oil industry now.
problem over here is massive taxation though...about 80% of the price is tax...and our domestic oil industry is relatively small...and produces a different grade of oil...not typically used for gas/petrol
Originally posted by KidRockLast time I checked your government already runs the oil industry -- Bush, Cheney, Rice etc. It's just now you'll pay through taxes and get it when you want.
http://www.youtube.com/watch?v=GqjFBiPMmBE&eurl=http://forum.bodybuilding.com/showthread.php?t=108138761"It will be about basically taking over and the government running all your companies" - Maxine Waters (D-CA)
Thoughts? Good idea to to take a page out of Hugo Chavez's playbook? Or bad idea?
Originally posted by lord xyz
Last time I checked your government already runs the oil industry -- Bush, Cheney, Rice etc. It's just now you'll pay through taxes and get it when you want.
Oil is run mostly by OPEC, they have the biggest pull. They in turn pay of our politicians, who in turn let 'Big Oil' sodomize us at the pump.
Originally posted by RobtardWell, nationalisation will stop that from happening. I hate it when people always think nationalisation is bad, it saved my country from health and education...well, it helped.
Oil is run mostly by OPEC, they have the biggest pull. They in turn pay of our politicians, who in turn let 'Big Oil' sodomize us at the pump.
Nationalising the oil would stop the paying off the government and possibly even the illegal wars.
Originally posted by lord xyz
Well, nationalisation will stop that from happening. I hate it when people always think nationalisation is bad, it saved my country from health and education...well, it helped.Nationalising the oil would stop the paying off the government and possibly even the illegal wars.
I'm not necessarily against it, as a "free market" in the oil world isn't keeping the cost of a gallon of fuel down. But how is it going to help countries like the US and UK, who import a [very] large portion of their oil? If the US were to drill in the (eg) ANWAR and be able to support it's own needs, then sure.
America needs to take a lesson from Brazil, they're independent. They only use their own oil and they grow their own fuel, ethanol. Problem is, there is limited farm land (supposedly), if we start growing corn, sugarcane or switchgrass for fuel purposes, it will bump the price of produce.
Originally posted by RobtardWell, I'm no expert, but Norway nationalised the oil, so I guess we should probably look at Norway.
I'm not necessarily against it, as a "free market" in the oil world isn't keeping the cost of a gallon of fuel down. But how is it going to help countries like the US and UK, who import a [very] large portion of their oil? If the US were to drill in the (eg) ANWAR and be able to support it's own needs, then sure.America needs to take a lesson from Brazil, they're independent. They only use their own oil and they grow their own fuel, ethanol. Problem is, there is limited farm land (supposedly), if we start growing corn, sugarcane or switchgrass for fuel purposes, it will bump the price of produce.
Originally posted by SchecterYeah, yeah. You're a 30 year old virgin.
lol apparently