Ronmac

Big Oil Once Again Abused by Congress

To poster Barta, so instead of leasing the public minerals to private companies, you would instead have the Federal government keep the leases, drill and produce them? You have a lot more faith in the government than I do. Not sure who they would call up in front of Congress and berate for high prices and low supply. Government involvement isn't going to change that reality. Again, I point to Mexico and Pemex as a very good example.

Big Oil Once Again Abused by Congress

To poster Barta, are you for real? Look at what has or is happening to Mexico with them taking 80 percent of Pemex's production. Production is declining rapidly and they had no clue and no capital to reverse it. And that is the type of scenario you would put into place here. Gasoline may be getting more expensive, but (newsflash), it is getting more expensive and hard to find. How do you justify stealing (excuse me nationalizing) private property?