Nationalization Of The Oil Industry Will Save The World.

Does anyone like Oil Corporation's? Of course not. And nobody likes Austerity do they? No. So we need to Nationalize the Oil Industry in the West. Its as simple as Nationalizing four Corporation's. The big four are ExxonMobil,Shell,BP and Chevron. ExxonMobil's revenue in 2011 was $486.429 billion.Royal Dutch Shell's revenue in 2011 was $470.171 billion. BP's revenue for 2011 was $386.460 billion. Chevron's revenue for 2011 was $253.706 billion. All four corporation's are in the top 10 for highest profits in 2011. ExxonMobil is first overall. Shell is second, BP is fourth and Chevron is seventh. All those billion's could really benifit the taxpayer right now. All those billion's could prevent Austerity.
en.wikipedia.org...

Nationalization of Oil is a great idea,everybody is doing it. Even Canada has Petro-Canada. Most of the world has Nationalized Oil to protect their people against evil Oil Corporations.

According to consulting firm PFC Energy, only 7% of the world's estimated oil and gas reserves are in countries that allow private international companies free rein. Fully 65% are in the hands of state-owned companies such as Saudi Aramco, with the rest in countries such as Russia and Venezuela, where access by Western companies is difficult.

en.wikipedia.org...
The need to Nationalize Oil arose because the Oil Corporations took advantage of the Nation's that gave them contracts. When these Nation's realized that the Oil Corporation's were ripping them off they all started to Nationalize.

Exploitation
The original contracts held between an oil producing country and an oil company were unfair to the producing country. Contracts, which could not be altered or ended in advance of the true end date, covered huge expanses of land and lasted for long durations. Nationalist ideas began once producing countries realized that the oil companies were exploiting them

en.wikipedia.org...
The Oil Corporations are ripping us off too. We need to Nationalize Oil like the rest of the world. Argentina Nationalized oil the other day and there were wild celebration's in the streets. If we Nationalize ExxonMobil,Shell,BP and Chevron we can all party like the Argentinian's. Its only four Corporation's.

As a result, the world’s oil was largely in the hands of seven corporations based in the United States and Europe.[6] Five of the companies were American (Chevron, Exxon, Gulf, Mobil, and Texaco), one was British (British Petroleum), and one was Anglo-Dutch (Royal Dutch/Shell).[5] These companies have since merged into four common oil companies: Shell, ExxonMobil, Chevron, and BP.[6]

en.wikipedia.org...

Everybody is Nationalizing. All the cool countries are doing it. Its time the West got with the times and Nationalized the Oil Industry.

I really have two thoughts on this. At least where the United States is concerned. First, however bad the Oil companies are, we're actually suggesting Government has ever shown themselves to be better at running much of anything? I'm not sure what that leaves as the solution...but Government isn't it from where I sit in America.

Second though, the profits are obscene and I must agree. I owned my own truck on 9/11 and was making nice money as an Owner Operator. Diesel was under $1.00 a gallon fairly commonly when I got loads down through Georgia. Life was good.... Then greed happened...obscene, vile and over the top greed. How will Government use those billions to help us when they waste away the billions they have now and pretty much laugh at us when we're pissed about it?

Oh well.. I'm not a fan of nationalizing anything beyond the few things the Constitution says. Not simply because it says so, but they happened to high the high points on the first try. Oil was sure not a part of Government jurisdiction to run a nation.

You sir "get it". I value your insight, and recognition into such ideaology, and the fact you took the time to make it known, is a tremendous compliment to your intelligence. I understand the value of Capitalism, and baffles me that others don't realize the quickest way to stabilize a faith-based economy in regards to gas prices, is to use the very resources that we ourselves own. I never lose faith in people, because it is people like you which give me hope for a better future.

Originally posted by Wrabbit2000
I really have two thoughts on this. At least where the United States is concerned. First, however bad the Oil companies are, we're actually suggesting Government has ever shown themselves to be better at running much of anything? I'm not sure what that leaves as the solution...but Government isn't it from where I sit in America.

Second though, the profits are obscene and I must agree. I owned my own truck on 9/11 and was making nice money as an Owner Operator. Diesel was under $1.00 a gallon fairly commonly when I got loads down through Georgia. Life was good.... Then greed happened...obscene, vile and over the top greed. How will Government use those billions to help us when they waste away the billions they have now and pretty much laugh at us when we're pissed about it?

Oh well.. I'm not a fan of nationalizing anything beyond the few things the Constitution says. Not simply because it says so, but they happened to high the high points the first try. Oil was sure not a part of Government jurisdiction to run a nation.

In regards to fuel America leads a very unhealthy life which is most likely also the cause of many wars in the world. In Denmark we pay 2.5 dollars for one litre of gas................... You guys really need to get in touch with reality considering you already have such low taxes.

reply to post by Germanicus


Interesting concept.

How would this actually reduce the price of gasoline down to "cost" with no profit for any company ?

Is this actually the case in those countries that have nationalized ?

Maybe they just divert the profits and end user taxes to other govern Mental corruption.

I wonder what the "cost" is of a gallon of gas.

Originally posted by xuenchen
reply to post by Germanicus

 

Interesting concept.

How would this actually reduce the price of gasoline down to "cost" with no profit for any company ?

Is this actually the case in those countries that have nationalized ?

Maybe they just divert the profits and end user taxes to other govern Mental corruption.

I wonder what the "cost" is of a gallon of gas.

They pay 12 cents a gallon in Venezuela. Not that Venezuela is the greatesf place in the world but they do have cheap gas. If the public owns oil,then the public can vote on production and profit/tax.

Americans make up less than five percent of the world’s population but own over one third of the automobiles. Thus, I have decided to move to Caracas, Venezuela-the world’s fifth largest oil exporter-where gas is a mere $0.12 a gallon.

www.spanishdict.com...

Originally posted by nickendres
You sir "get it". I value your insight, and recognition into such ideaology, and the fact you took the time to make it known, is a tremendous compliment to your intelligence. I understand the value of Capitalism, and baffles me that others don't realize the quickest way to stabilize a faith-based economy in regards to gas prices, is to use the very resources that we ourselves own. I never lose faith in people, because it is people like you which give me hope for a better future.

Wow,thanks hey. I know what you mean though. its comforting to know others are worried about the world and thinking of solutions. If we all talk about politic's and stuff we will find more middle ground for everyone. And who's gonna miss the Oil Corporations?

reply to post by Germanicus

They pay 12 cents a gallon in Venezuela. Not that Venezuela is the greatesf place in the world but they do have cheap gas. If the public owns oil,then the public can vote on production and profit/tax.

That's what I was looking for.

Now, can we convert the US 12 cents to their money and see how that compares to the purchasing power ?

Like compare that to a loaf of bread or something.

And compare to average wages.


Saturday, May 5, 2012
1 US Dollar = 4,301.76 Venezuelan Bolivar
1 Venezuelan Bolivar (VEB) = 0.0002325 US Dollar (USD)

State ownership of the means of production is a failed economic policy. Just take the old Soviet Union as an example. Why would anyone want to go there? Socialism is just the intermediary step between Capitalism and communism. All the Marxists and communists know this. The end result will be Totalitarianism and we know how it ended up for the Soviet empire. Anyone really want those gulags? And how about those fun bread lines?
By the way, BP Oil is a British multinational corporation, although it has an American division since it merged with Amoco(Standard Oil). Basically that means that the British Rothschilds merged with the American Rockefellers.
How would one nationalize a multi national corp? Just wondering?

BP p.l.c.[3][4] (LSE: BP, NYSE: BP) is a British multinational oil and gas company headquartered in London, United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by 2011 revenues and one of the six oil and gas "supermajors

en.wikipedia.org...

reply to post by Germanicus


I absolutely agree. When people truly participate in a representative democracy, empathy is appreciated, and the lines which divide Americans quickly begin to dissolve. Within America especially, we have often demonized institutions which rival our own, however when I learned that Venezuela’s state-owned oil company was providing heating oil assistance to hundreds of thousands of needy Americans, my opinon on American Oil was forever changed. If we are to act as the moral compass for the rest of the world, we most certainly should place value on helping those within our own country. A building is only as strong as its foundation, and by empowering each and every person within this represenative democracy with the opportunity for betterment, the country as a whole will become an unshakeable design to which other countries will aspire to.

reply to post by ThirdEyeofHorus


Austerity is more scary than some ism. Nationalization of the Oil Industry is not socialism or communism. The Founding Farther's kept Corporations in check and ensured that they only did things that were in the public interest. Nationalization will ensure they are in the public interest.

And I know BP isnt American and that these corporation's are multi-national thats why I kept saying the "West". The West must Nationalize.

reply to post by Germanicus


This is a great idea we need to add medical and pharmaceutical industries as well, honestly what kind of care and or cures will come from for profit companies???

Originally posted by xuenchen
reply to post by Germanicus

 

They pay 12 cents a gallon in Venezuela. Not that Venezuela is the greatesf place in the world but they do have cheap gas. If the public owns oil,then the public can vote on production and profit/tax.

That's what I was looking for.

Now, can we convert the US 12 cents to their money and see how that compares to the purchasing power ?

Like compare that to a loaf of bread or something.

And compare to average wages.


Saturday, May 5, 2012
1 US Dollar = 4,301.76 Venezuelan Bolivar
1 Venezuelan Bolivar (VEB) = 0.0002325 US Dollar (USD)

Its 12 US cents a Gallon.

“It’s criminal how cheap [gasoline] is,” said Gonzalo Ibarra as a gas station attendant fills up his shiny silver Mercedes Benz for less than a dollar. “I pay more for the tip than the gas.”

The 64-year old lawyer is in no need of a government handout but as a wealthy car owner is one of the biggest beneficiaries of a gasoline subsidy that’s costing the state’s economy at least $1.5 billion in revenue even as it struggles to recover after two consecutive years of loss.

Mr. Ibarra is unusual in that he says he would welcome a price hike but doesn’t believe President Hugo Chavez, who is facing an election next year, could pull off such a feat in a nation where cheap gasoline is considered a birthright. “It’s a very delicate matter.”

Gasoline in Venezuela costs about 12 cents a gallon, well below the $4 a gallon or more paid in most of the industrialized world.

articles.marketwatch.com...

We are getting ripped off. You can tell by their profits from 2011.

reply to post by Germanicus


Austerity means living within your means after living beyond it for so long.

I'd choose austerity over any "ism" because even with austerity, you don't cede your individual identity.

As said previously, nationalizing presumes that government would do a better job and be less corupt.

reply to post by beezzer


When the UK nationalised it's energy, water and rail services back in the 80's, it was because government deemed them to be inefficient. Now they are all in the hands of foreign companies where the profits go to a few. Meanwhile the privatised services are still inefficient, expensive and the railways still subsidized by the tax payer. While the private companies take the profits.

Privatising water so private companies can provide us with a free necessity of life. These companies have been selling off reservoirs to land development companies and now we are having a drought in after the wettest April in 100 years. So i'm a little skeptical with the claim that private companies are more efficient with a nations resources.

Originally posted by woodwardjnr
reply to post by beezzer

 

When the UK nationalised it's energy, water and rail services back in the 80's, it was because government deemed them to be inefficient. Now they are all in the hands of foreign companies where the profits go to a few. Meanwhile the privatised services are still inefficient, expensive and the railways still subsidized by the tax payer. While the private companies take the profits.

Privatising water so private companies can provide us with a free necessity of life. These companies have been selling off reservoirs to land development companies and now we are having a drought in after the wettest April in 100 years. So i'm a little skeptical with the claim that private companies are more efficient with a nations resources.

edit on 5-5-2012 by woodwardjnr because: (no reason given)

One thing you stated jumped out at me.

"Meanwhile the privatised services are still inefficient, expensive and the railways still subsidized by the tax payer. While the private companies take the profits."

Are the privatised services inefficient because of their greed or are they inefficient because of too much governmnt regulation, too much government oversight, too much government micromanagement?


Private companies are the "effect" to government "cause".

Private companies run on profit. It is the antithesis of private business to be inefficient.

(self snip)

reply to post by beezzer

Private companies run on profit. It is the antithesis of private business to be inefficient.

I guess it depends how you make that profit. I kind of view it as asset stripping a nations resources and placing them in the hands of a few, socialising any loses and privatising any profits. Some things don't actually work well in a free market.
There is only one rail track for train companies to operate on. The energy comes from the same sources through the same pipes and power lines. The water can only come through one set of pipes. There is no real competition in these areas to justify privatising them. I don't have a problem with a free market, where competition improves services, but when it comes to a nations resources, I believe the profits should be the nations and not foreign companies with no interest in the nation's inhabitants well being.

Originally posted by beezzer
reply to post by Germanicus

 

Austerity means living within your means after living beyond it for so long.

I'd choose austerity over any "ism" because even with austerity, you don't cede your individual identity.

As said previously, nationalizing presumes that government would do a better job and be less corupt.

The Government would do a better job when we stop corporation's from funding the election's. Imagine how much money the big four Oil Corporation's give in political donation's. Its no wonder the politics of the United States is corrupt. The Founding Farthers prevented corporation's from making political donation's as well. They would have never let big Oil Corporation's gain so much power.

"As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce. "
- Adam Smith.

In Germany, the treasures of the soil (various metals, petroleum, gas, coal, salts etc.) are not part of the property itself, but belong to the nation by law. "Ownership" or mining rights for them can only be purchased (leased) through state-controlled processes and we're doing pretty good with it.