[DannyTN]

""WE" don't produce oil. Those folks who have accumulated the capital and have acquired the expertise to produce oil will stop producing it and direct their efforts elsewhere if "WE" decide to confiscate it, or its value, for "OUR" social purposes."

I'm willing to take that gamble. Lets raise the import tariffs back up to historic norms and see if it doesn't "discourage production" in China. And let's see if there aren't folks here in America who have the capital and expertise and willingness to meet the American market demands.

[Mr. Lucky]

You're willing to take that gamble because it's not your oil.

I would be willing to bet your farm on the Kentucky Derby. If the government were to give me that authority, your farm wouldn't be worth much by the time the next Derby came around. The same holds true with oil that somebody else produces.