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I say this for a number of reasons. If oil were nationalized, it would be a government corporation for the people and by the people. This American corporation would work for the people rather than a select few billionaires in a boardroom somewhere. On top of that, any profits that the nationalized firm makes can go toward developing technologies for greater American independence, such as fuel cells, ethanol and oil shale.
It is safe to say that nationalized oil is the wave of the future. Why should the government settle for letting a wealthy corporation take billions in profits while it takes only a teeny fraction of that in royalties? Other nationalized oil firms, such as PEMEX in Mexico and PDVSA in Venezuela, pump any profits they have straight back to their governments, and hence, the profits go to their people. With America?s current system, instead of helping ourselves, we help a select few. I?m not against companies making a profit, but I can see no reason Exxon?s CEO, Lee Raymond, should receive a $400 million retirement package while we pay $3.00 for a gallon of gas. Wouldn?t it be nice to know that when you fill up at the gas pump, a little of that money that you spend, in some little way, goes right back into your pocket?
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You my friend are clearly ignorant on the government's ability to run anything. As has been proven by social security, the postal service, and medicare, the government continually bankrupts all of the programs that it starts. I have no interest in funding the oil in the future and will not accept that the government should have ANY controls over ANY industry.
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I'm with Jesse! Andrew are you claiming that Mexico and Venezuela is smarter than America? It's our oil why give the lions share to foreign corporations?
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I'm with Jesse! Andrew are you claiming that Mexico and Venezuela is smarter than America? It's our oil why give the lions share to foreign corporations?
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Andrew, it's completely different. With Social Security you are giving out money and getting nothing in return.
By nationalizing oil, the oil is paying for itself. You are not giving anything away. Since it is nationalized the prices stay as low as what it costs to keep everything running.
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Andrew, it's completely different. With Social Security you are giving out money and getting nothing in return.
By nationalizing oil, the oil is paying for itself. You are not giving anything away. Since it is nationalized the prices stay as low as what it costs to keep everything running.
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When price, production and distribution become stacked against the well being of the population it becomes time for the government to take over. Think of it as the U.S. population being attacked by terrorists. As individuals we have little power to fight against them. That's when our representative's, the congress, must step in to solve the problem. That is one of the jobs of government to fight wars, and we, the public are being at war with Wall street terrorists.
Wsite your congressmen and stress this solution.
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