Should we not consider nationalizing the US oil industry?

Question

With our national resources... economic, military, and human... directed towards controlling oil in the Middle East with costs and a growing national debt that will take the next three generations of Americans to pay for, shouldn't oil profits belong to all Americans? Why should a few wealthy individuals profit when all Americans are making the sacrifices and paying the bills?

This alarming debt IS Big Govt., Big Chinese Govt. who is carrying the debt. Is this what conservatives want for our future?

Perhaps we all better start learning Chinese and going back to school so we can pass the very difficult Chinese job application tests.

Answer 1

Patois put it better than I could ever hope to :) but:-

Hell yes, we should take a lesson from the emerging true democracies in South America, the countries resources should benefit the whole of society, that's not communism, that's democracy! What we have now is a dictatorship of the few exploiting the many.

Even a small percentage of the multi-Trillion dollar oil revenues would put an end to poverty and inhuman standards of living, but the greed of the wealthy knows no bounds, they are quite happy to drive past starving and deprived people, and can only think of creating more profit, whatever the cost to society.

Throughout history the exploitation of masses has been fought against, and overcome, we need nothing short of a revolution, and the modern day aristocracy deserve to lose their heads.

The Chinese would find it difficult to come up with a more unjust, and inequitable system for running the economy of the richest country in the world, and therefore the world, and I can't wait for them to become top dog.

We shouldn't believe the propaganda pedaled by the elites, that their system of "capitalism" is the only one that is workable and good, it is a failing travesty that results in increasing misery for the vast majority of the planet, whilst the few enjoy riches beyond any-ones wildest dreams, more money than can be spent.

The only thing that keeps this house of cards upright is the ignorant and selfish who regurgitate the propaganda they have been subjected to until they have brainwashed themselves into a hypnotized state where they cannot even contemplate they may be wrong.

It is beyond question that when the majority of people on this planet are starving and living in poverty then the system has failed.

The USA has lost it's credibility, and is losing it's stranglehold on the rest of the world.
Hugo Chavez is a clear example of what can be achieved when countries disregard their orders from Washington:-
Over 17 million people now have access to free health care and medicines for the first time.
Over 1 million people taught to read and write.
Participation encouraged for all Venezuelans in the formation, implementation, and operation of their democracy.
Venezuela has become truly, of the people, by the people and for the people, after years of US intervention and suppression.

But of course the people in power in the USA have labelled Chavez a terrorist, communist, dictator, etc. etc.

Around the world, whenever an alternative political systems have emerged they have been brutally crushed, or isolated by our ruling elites for what they call "the threat of a good example"

Big oil is just a part of it, the people are demanding their right to a share of the worlds resources free from the corporations need to make even more profit than the previous year.

It's a great question, what would be your answer?

Answer 2

If one could think it would be "communism" to nationalize U.S. oil interests, then it must be feudalism to die as serfs fighting for someone else's property and for our children to be saddled for the rest of this century with the crushing burden of the national debt that we owe to nations like China. If oil is private property, then oil companies should foot the bill and the personnel for their own "security" forces. Any other business in real free enterprise competition foots it's own bills for the lock on the back door, for the security service and alarms, for the pest control and new roof to keep the water out. Don't YOU have to pay for your own security expenses? As much as Halliburton has been overcharging the taxpayers of this nation, as per federal and U.S. Army charges and on-going federal investigations, who's to say these private interest oil companies and their investors, who our soldiers are dying for, aren't overcharging the American public BIGTIME for the gasoline we are pumping into our cars and trucks every day? A sucker's born every minute, is afterall, the "Big Picture", the "Big Boys" club motto. Why should taxpayers have to subsidize any one particular oil company's interests over another, especially those with international investors? Most likely, we would get our oil a lot cheaper with true free enterprise in play, with the "bottom line" reflecting the costs of providing their own security. Isn't competition healthy for the economy, as the capitalists have been telling us for years? If these commercial interests can't afford their own security and if these commercial interests lose their grip on their game and the bottom line, oh, well, hard cheese. Someone else would sell the oil to us. Who do we care who sells it to us? Bush and Cheney and people who have investments in oil have more blood on THEIR hands than does ANY terrorist. The average American isn't apparently bothered about buying gas from scumbags. Nothing would happen to the flow. There's never been any threat about that god-forsaken oil flowing out across the world. The only "flow" that our soldiers are dying for, the only "flow" that we have plunged this nation HORRIBLY into debt to protect, is the flow of filthy oil and war profits. Have YOU gotten rich since Bush became President? No? How's your community doing? So, where's all the money going? Are YOUR neighborhood schools able to pay the bills? How about your mom and dad? Are they worried about how they're going to pay for medical bills and prescriptions now that Bush this week announced plans to "change" and gut Medicare and Social Security? This isn't free enterprise. This is the forced taxation and financial crippling of an entire, once mighty nation to pay for the plunder and greed and benefit of a few.

Answer 3

I'm not a big fan of "nationalizing" any business. We have no right to take those businesses away from the corp. that own them. The last thing we need is to nationalize corp. That's one major step toward communism. America is built on capitalism and I think that is the best system for a democracy.

Answer 4

No. But the time has come to start building a pipeline for the oil that Iraq owes us. Remember
this war was about oil, well its time for Iraq to pay up. We saved them, how much is that worth? All of their oil for the next fifty years.

Answer 5

Sure then we can call ourselves communist and run around wondering what happen. But that seems to be the real and only liberal agenda. How about taxing them more and cutting out the tax breaks, but putting them under nationalization is pure communism and we have a constitution in America that protects us from that. Some people still do not realize that fact.

Answer 6

I guess you don't realize how much money those "wealthy individuals" have invested in exploration and development. Have you ever heard of publicly held corporations? You and I can buy shares in XOM or any other oil company. It's not just a few wealthy individuals who own them, but many millions of Americans,through private investment or in thie retirement funds.

Also, if the oil companies were ever nationalized, I hope you're prepared to pay through the nose. Please remember the Constitution's Takings Clause, Che.

Answer 7

There is an alternative that most people don't thing of. You have a choice when you buy a car. Why buy a gas guzzler? Why do you have to get something that gets 15 MPG?

Answer 8

That is called Communism. according to the constitution

Answer 9

this communist also thinks the terrorists are freedom fighters.







and thats a memo

Answer 10

yes let's nationalize big oil.