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Originally posted by Anonymous ATS
reply to post by mybigunit
With all respect, government control is NOT the answer. Part of the problem is that drilling offshore and ANWAR has bee blocked. And the oil companies are obliged to go out into the global market to buy oil with a weakened dollar. And government obstructionism makes the cost of building new refineries prohibitive. To say nothing of government obstruction of the most viable alternative energy source, nuclear power. As for elected officials, I am sure most assume office with the best of intentions. But the corporate culture in Congress and elsewhere is irredeemably corrupt. They are not there to serve our interests. They are parasites gorging themselves and their families from the public purse. CEO's eventually can be called to account but the shareholders. Oil company shareholders is US! That is, if yuou have a pension or a mutual fund or any kind of retirement investment. And government can have a supervisory role, but they cannot be allowed to have direct control over the oil refineries.
Originally posted by MrdDstrbr
Government control and oversight over things like oil, natural resources, currency and money supply, farming and agriculture, mainstream media outlets, etc, is way better than allowing control of all those things slip into private corporate hands (FASCISM), wouldn't you say?
Originally posted by gormly
honestly, do you think the Bush administration (or some future facsimile) would be able to control all of that with our best interests?
Quite a few countries own their oil companies... Mexico for one. And remember that Mexico's oil company was so well managed that they were able to pay off the loans Clinton gave them well ahead of time... with interest. And, given the nature of America's slavery to oil who would you rather control it, CEO's of publically held companies out to make a profit, the people be damned, or the government?
I personally believe that certain key national resources should not be controlled by for profit companies... Remember the energy crisis in California in 2001? Everyone swore it was an issue of supply and demand when in reality they were being Enroned.
I maintain that the current oil crisis is the same sort of thing.
Originally posted by Parabol
Yeah that's my problem to, I don't profess to know much about nationalization of resources but seeing our govt and oil grow more together doesn't sound good. But then how much power does that take away from Big Oil?