Posted on 06/18/2008 1:59:40 PM PDT by nevergore
Fox news alert that the House Democrats are calling to have all US refineries nationalized!!
(Excerpt) Read more at foxnews.com ...
So how does Congress set the price of oil for the entire World Market?
Let’s see, we import about 55% of what we need to refine, in order to keep the country running. We can’t produce even a third of that amount ourselves.
Congress tells the rest of the World to lower the price to accommodate their new price. That will sure work well won’t it?
Then what does Congress do after that? Seize all the Drilling Companies that contract to the Oil Companies? What about the private leases the Oil Companies are currently drilling?
The Oil Companies will just shut down and this country will come to a screeching halt and Congress will have to buy 100% of our oil from the World market, which will raise the price because demand went up a whole bunch. Speculators will have a hay day and will go off-shore to other countries.
This will make the Carter years look like the Teddy Roosevelt administration in comparison.
Somehow, I’m skeptical that this will ever even become real and I suspect there was a gross misunderstanding about what was being said in that interview.
If Nancy Pelosi lifts up her shirt, I am leaving the country.
Is there a YouTube link yet?
That’s exactly what I told my son. There should be no doubt in anyone’s mind now.
Sorry for not believing you, thanks for the link bamahead.
Unbef^$%ingliveable!!
Perfect, dead solid perfect. I am so happy the democrats are doing this. They are overplaying their hand and assuming that because the Republican brand is not viewed favorably right now the voters want not just socialism, but communism.
If anyone doubts the true intentions of the democrat party, doubt no more.
We need not be independent, but we must be self-sufficient.
There’s nothing wrong with, say, using up Venezuela’s oil first before we start in on ours.
Brit Hume is addressing it now on Laura Ingram’s new Fox News show...
here come da EUSA
So they will control the amount of oil in the system by nationalizing the refineries? If they are not willing to increase the supply by drilling the only control of supply they can effect is to maintain or reduce the supply. Knowing this group it’s probably “in the national interest” to reduce the supply. We will only be a truly great nation when we pay as much for our gas as the Europeans./s
“Re-education camps are next. No joke.”
I’ve always said that Hillary was scouting out places in Alaska to build gulags. Now I think Obama is looking in New Mexico for sites.
Got to give this info to Rush!
I get the distinct impression that she really is as stupid as she looks.
ARE YOU FREAKING SERIOUS?
IF SO, THIS IS THE LAST STRAW!
++++++++++++++++++
Not the last straw at all. The food industry is still in private hands.
Where is the article? And that blog thing is indecipherable.
I thought the public school system acted as the re-education camps?!?
Wow! I'm stunned that any of the Commiecrats would be so honest. We know they were thinking this, but usually they deny it. Rep. Hinchey will be strongly, and privately, reprimanded for his honesty.
They DON'T WANT prices to come down!
One of the most visible symbols of the freedom that Americans enjoy is the ability to jump in the car and drive wherever the hell they feel like. Whenever they feel like.
That is what they want to control.
Not for long. Obese Americans need the government to take over the food industry from seed to table. We need to reduce the supply of food for the health of the nation!/s
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