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Argentina is Nationalizing their Oil - Should We?

There's a bigger picture here that goes beyond how Wall
Street is screwing with the prices of gasoline. It has to do with how we as a
nation should handle our own natural resources...


Added: Apr-19-2012 Occurred On: Apr-19-2012
By: dcmfox
In: Politics
Tags: Thom Hartman, nationalizing, oil
Marked as: approved
Views: 1290 | Comments: 57 | Votes: 1 | Favorites: 1 | Shared: 0 | Updates: 0 | Times used in channels: 2
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  • Almost every single enterprise the government has ever laid its grimey fingers on, save NASA, has resulted in excessive waste, redundancy, and failure. Why the hell should we put an organization in control of a vital energy source if it answers to regressive enviromentalist lunatics first?

    Posted Apr-19-2012 By 
    WolfBite120 (741.40)  

    (5)

  • From RT, no less. Didn't they confiscate all the successful oil and petrolium companies in Russia, and jail all the successful senior executives and shareholders who protested the theft?
    Yes they did.
    I am all for making it more expensive to buy and control "futures", and to manipulate them, but confiscation of private companies isnot only wrong, but illegal, at least here.

    Posted Apr-19-2012 By 
    grunt (481.90)  

    (5)

  • Stalin liked killing his own countrymen, should we?

    ya, lets just adopt every stupid idea some Marxist douchebag comes up with

    Posted Apr-19-2012 By 
    _Byron_ (947.60)  

    (4)

  • DCM, are you really serious about nationalizing the domestic oil supplies?

    I don't think you've thought that out too well. Our politicians can barely wipe their own asses without written instructions never mind manage the oil supply for the nation.

    Posted Apr-19-2012 By 
    aussite (1865.90)  

    (4)

  • Another piece of BS from Russian TV.
    Russia has already grabbed its oil companies from their rightful owners, who were either murdered or thrown in prison (or, knowing the Russians, possibly both).

    Posted Apr-19-2012 By 
    govett (1012.30)

    (3)

  • That sounds to me like socialism. Didn't work for Russia or Cuba, I have a hunch it won't work for us either.

    Posted Apr-19-2012 By 
    MAKMAK (2730.00)

    (3)

    • @MAKMAK Russia is #1 energy exporter

      Posted Apr-19-2012 By 
      absu69 (2170.34)

      (-1)

    • @absu69: Yea because most Russians can’t afford a car and Russia has plenty of natural resources; something they didn’t create themselves.

      Posted Apr-19-2012 By 
      Moore Slayer (2080.84)  

      (1)

    • @MAKMAK That's not socialism, the fact that Middle Eastern countries own their oil and they have plenty of surplus money from oil revenues even though they only produce oil and gas tells me that it works and works very well, they offer free quality education and health care to all their citizens with little to no taxation.

      Posted Apr-19-2012 By 
      Desertsfoxx (121.68)

      (-1)

    • @Desertsfoxx

      And they have a huge immigrant non-citizen class of people doing all the labor at developing world rates. Don't even get me started about their idea of a criminal justice system. The middle east is an example of little more than an oppressive theocracy gone amok.

      Posted Apr-19-2012 By 
      MAKMAK (2730.00)

      (1)

    • @Moore Slayer

      Natural resources are as valid a source of revenue as manufacturing. Money doesn't differentiate.

      Posted Apr-19-2012 By 
      MAKMAK (2730.00)

      (1)

  • Russian TV?? LOL...of course they want the "State" to own everything, it follows their M.O. I only made it up to 1:26 when he started bringing in "Class Warfare"! Typical Commie station!

    Posted Apr-19-2012 By 
    fotoman4u2 (3690.60)  

    (3)

  • Sure why not the government seems to run Amtrack, the Postal Service, Energy, Education, the military, healthcare and the auto industry with efficiency and fiscal responsibility.

    I can see it now, $12.00 a gallon for gas, shortages, $trillions in unfunded liabilities for government “oil” employee union members.

    Mexico nationalized their oil industry and just look at what a success Mexico is. Love that distribution of wealth South of the border.

    Posted Apr-19-2012 By 
    Moore Slayer (2080.84)  

    (2)

  • We need to drill for oil, build refineries, and then get government the hell out of the way. The people will take care of the rest!

    Posted Apr-19-2012 By 
    Swellgh (421.60)  

    (2)

  • This would be one more step toward the end of U.S.A. as we know it. If the feds controlled the oil there would be massive corruption and money missing. The money would just be in a different crooks hands.

    Posted Apr-19-2012 By 
    bob150388 (82.90)  

    (2)

    • @bob150388 Crooks...maybe but it would have oversight, and freedom of information laws protecting our property and the ability to vote them out.

      Posted Apr-19-2012 By 
      Zardoz003 (1642.22)  

      (-1)

    • @bob150388 how come the military is run by the government? And NASA? The defense budget is $700 billion. How come you trust the government with all that money?

      Posted Apr-19-2012 By 
      Desertsfoxx (121.68)

      (0)

  • I think it should be , and the major weapons companies as well . It is a matter of national security and well being . The major problem is how to set the price , price controls . If it is wildly out of step wit the global value , and rise in price may set off massive social upheval , witness Nigeria and Egypt .

    Posted Apr-19-2012 By 
    ComradeAgopian (536.42)  

    (1)

    • @ComradeAgopian price controls don't work, never have and never will. There's nothing wrong with oil being traded on the free market. The price being high is due to environmental regulations and a political party that's hostile to fossil fuels

      Posted Apr-19-2012 By 
      _Byron_ (947.60)  

      (0)

    • @_Byron_ You're out of your league arguing with agopian. The price being high is in relation to the USD being the worlds reserve currency, and too much of it.

      Posted Apr-19-2012 By 
      absu69 (2170.34)

      (1)

    • @_Byron_

      That's an utter bullshit statement.

      Posted Apr-20-2012 By 
      dcmfox (31451.26)  

      (0)

    • @absu69

      Exactly absu . Thats why the noise about the USD being taken off as the worlds reserve currency , is just that...Noise .

      Posted Apr-20-2012 By 
      ComradeAgopian (536.42)  

      (0)

    • @ComradeAgopian You really think so? What possible leverage would the BRIICS being trying to pull with that stunt a couple of weeks ago? I mean they really could pull it off if they wanted to..i think. I don't know. Maybe in a couple of years they could. Maybe not now.

      Posted Apr-20-2012 By 
      absu69 (2170.34)

      (0)

  • No shit!

    Gas shot up .22-.25 cents a litre here in the last 2 1/2 weeks,it is now between 1.37 to 1.48/per litre.

    It really should not be that way.

    WTF,why not let speculators control the price of beef,chicken and wheat while they're at it!

    Posted Apr-19-2012 By 
    CoolQcumber (4257.90)  

    (1)

  • Goldman Sachs is buying a refinery in Pa.This can't be good news for consumers.

    Posted Apr-19-2012 By 
    echo4250 (827.54)

    (1)

  • Comment of user 'boofhead' has been deleted by author!

    • @boofhead Agreed! Every nations' natural resources belong to it's citizens, not some foreign blood suckers that all they care about is how much money they can make and when the wells run dry, they disappear with the money while the next generations are left with nothing.

      Posted Apr-19-2012 By 
      Desertsfoxx (121.68)

      (0)

    • @boofhead
      Those companies that drill and find nothing and go bankrupt do not get a bailout. But you want the Government to come in and take, 'proven' wells from companies that spent millions/billions on R&D, as well as, wildcat wells in hopes of striking oil/gas to now give these wells to your Government. If that isn't socialism I don't know what is!

      Posted Apr-19-2012 By 
      velocity73R (330.80)  

      (1)

    • @Desertsfoxx

      If you own land that has oil on it does it belong to you or the state???

      Posted Apr-20-2012 By 
      WE ARE POWER (3514.26)  

      (0)

  • canada should do that, and so should usa, greedy cunts hike gas prices for no reason other then profit, companies should never control healthcare, fuel or food supply

    Posted Apr-19-2012 By 
    nowhereman1 (495.12)  

    (0)

    • @nowhereman1
      Then you would have to generally expect shortages in all 3. Like it or not, the free market creates the greatest and best efficiency for use of resources.

      Posted Apr-19-2012 By 
      myCondolences (658.98)

      (2)

    • @myCondolences when im paying 1.40lt
      for gas for no reason i dont see a point

      Posted Apr-19-2012 By 
      nowhereman1 (495.12)  

      (-1)

    • @nowhereman1 Agreed! most countries that nationalized their oil industry have plenty of surplus money and are not suffering from budget deficits, their citizens benefit from the oil revenues they have free healthcare coverage, free college education and very little to no taxes on income and property.

      Posted Apr-19-2012 By 
      Desertsfoxx (121.68)

      (0)

    • @nowhereman1
      Imagine adding gas shortages to the equation and see what happens to the price.

      Maybe something could be done to limit barriers to entry into the oil business and thereby encourage more competition within the industry and lower prices.

      By no means is the free market perfect, but its the best we've got. It sure beats one large entity trying to regulate and operate the whole show. Especially when that entity cannot even establish its own budget.

      Posted Apr-20-2012 By 
      myCondolences (658.98)

      (1)