If we nationalize oil companies then we can control oil prices, should we?

That way only Americans will consume the oil here instead of shipping it to Asia.If we nationalize oil companies then we can control oil prices, should we?
You're absolutely right - history has taught us that any time we nationalize an industry we can control prices. It has also demonstrated throughout the socialist world that supply completely dries up.





So we can get back to $0.99/gal, but you'll get a ration of a gallon a week.If we nationalize oil companies then we can control oil prices, should we?
About 70 percent of the oil and refined products we consume are imported, and we don't control the market price of oil any more than our oil companies do.





If you look at the oil companies that have had their operations nationalized, you will see that those operations were involved in extraction in producing countries such as Saudi Arabia and Venezuela. Exxon is our biggest oil refiner, but how would we bring prices down by seizing its refineries when the price of the oil it refines is not within its control? And what would we do if we seized its distribution-related assets? We can't bring prices down by seizing its trucking fleets.





The reason we ship some of our oil to Asia is because we don't have the refinery capacity to process all the products we need. So we sell some of our crude abroad and use the proceeds to buy (or trade for) refined products from foreign suppliers..
That's just what we need - the government running the oil industry because it's done such a good job with health care. The cost of oil is high because of the high demand. When anything is in high demand, the item goes to the highest bidder. Foreign oil is commanding high prices just because it can. We've got to stop depending on it by drilling here while at the same time researching alternative sources of energy and conserving. Next time you are out and about, look at the string of cars going in the same direction with just the driver. In many cases, where buses are lacking, we could consider car pooling.
The big three almost have a monopoly of oil, once the large companies were broken up to promote competition, they have merged with government approval, and most probably control price.as they once did. Can't trust government to protect us from the giants, where will we be if government controls the oil.
thats what mexico does and its not a good idea





there gas is 2.50 right now, but cant dig for more because they dont have enought money to do so since most of the money goes to goverment pograms





now there trying to sell the oil company (PEMEX) so private companies that have the money to do so, will give more oil to the country





big fight right now
Yes, we absolutely should. When Exxon-Mobil makes $11 billion profits on the backs of us I get upset. That is incredibly greedy. Unfortunately, the oil lobby will buy all the politician's votes and the oil industry will always be privately operated.





Oh, and hisdivineshadow: gas is 11 cents/gallon in venezuela, what are you talking about?
And what has the government gotten it's hands on that it didn't screw up in one way or the other? We don't need government involved in health care or oil! We do not need bigger government or more government control. Let them put their time and energy in keeping us safe from terrorists...let them run the military!
when you take away the free market, then you get Socialism, we need to offer tax incentives for people to drill American, I read this quote; the only reason that Hollywood liberals think it is better for the environment to drill in South America is because they don't have to see it from they re Malibu Mansions That doesn't really have anything to do with your question, I just liked the quote
yes, we will then make sure that prize of oil sky rocket to $10.00 a gallon no one would have freedom to buy their own type of car, only goverment issue cars:. retro fit your house with solar power energy systems 25,000 - 75,000 a house:. and the rents will be force to pay some sort of {home owner taxes equivalent} just to rent in California. you should go to Energytomorrow.com


get your facts strait
America has no control over foreign oil prices. We can just set tax on it, which is pretty low compared to other countries. Germany pays the same for oil as America, but they just tax it more, that's why it's so much more money.
Have you ever seen the government take over something and do it better than private companies do it? The government has screwed us enough.


If you want to live where private companies are Nationalized look at Venezuela and Hugo Chavez. No thanks!
I can't freely answer to your question


because if I do then all low life they will report me


and my account will be suspended





Americans kill the freedom of speech...
NO..this is what the National Socialist did in Germany





what would be next for the government to take over?
yes





we are the only country that hasnt nationalized
HELL NO !!!!!
of course not
You know which country that tried this idea fairly recently? Venezuela. Do we really want to be like them?