My God, never in my lifetime did I ever expect to see one of the houses of Congress propose nationalizing an industry. This is truly frightening.
With the inevitable unions, featherbedding, inability to fire anybody, lack of fundamental market forces determining where investment should be made, political paybacks governing investment choices, the government wouldn’t be able to deliver any oil at all. I can’t believe anybody in the US would believe the government could do a better job than the private sector.