Like England in the 1970s?
Some Democrats are apparently proposing nationalization of at least part of the US oil industry, which seems to follow in the footsteps of British governments of the post-WWII era:
Rep. Maurice Hinchey (D-NY)…We (the government) should own the refineries. Then we can control how much gets out into the market.
And Congresswoman Maxine Waters wants to nationalize the rest of the industry. Much mischief appears to lie ahead in 2009, if these worthies are serious about plans to make America look like the decaying, fraying Great Britain of the 1970’s.
June 18th, 2008 at 10:46 pm
The linked Fox article is poorly formatted. I gather that Hinchey made his nationalization remark at the “off-camera briefing”, so I’ll wait for validation. Hinchey’s site does not mention refinery nationalization, but he is bringing solar-energy pork–innovation, I mean, yeah, technology and innovation–to New York.
IMO the report is media sensationalism and/or a plausibly deniable trial balloon, not a full-throated call for nationalization. (The country is accelerating in a bad direction. Would many Congresspersons knowingly adopt counterproductive energy measures if their power increased thereby? Absolutely, but I doubt the public is ready to let Congress do to the local gas station what they’ve done to the local airport.)
I doubt. I wish I were confident.
June 19th, 2008 at 6:55 am
These idiots need to be mocked mercilessly for their “trial balloon.” We’ve let them interfere with energy production. So far we’ve got no nukes, no new oil, more expensive food, and groundwater contaminated with MTBE. These guys couldn’t hurt us worse if they were in the pockets of the Saudis.
What now, give them enough time to bring back gas lines and even-odd days? Drill, here, now. Otherwise, ten years from now, these may be the good old days.
Yes, there is not an infinite amount of oil. Someday the sun burns out too. If somebody invented a car that ran on tap water today, some of us would still be buying gas for a while. Future technology won’t take me to work tomorrow. Drill, here, today.