jerry p

Nationalizing Oil: Well-Intentioned, But Wrong

Venezuela has the lowest gas prices in the world because it is subsidized by taxes. Why should someone who is conserving by driving a small car have to subsidize gas for someone driving a Hummer? The person who consumes the most fuel and causes the most pollution should have to pay the most money.

Nationalizing Oil: Well-Intentioned, But Wrong

Saudi Aramco is 10 times bigger than Exxon-Mobil. The US oil companies are like shrimp in an ocean. They control nothing. If we socialize our oil companies, that means no more tax revenues. That means we lose all of the contracts we signed in Central Asia, South America and Africa. PeMex is the national oil company for Mexico. They are losing money despite record high oil and gas prices. That tells you how well government bureaucrats can run oil companies.

Nationalizing Oil: Well-Intentioned, But Wrong

Microsoft makes obscene profits from selling Windows to the entire corporate world and government. We should socialize it. Why put so much power in the hands of one company?