Should all US oil companies be nationalized to pay for the massive debt incurred to secure the oil supply?

Oil companies have been reporting usurious rates of profit at the expense of the American people. We should own those companies by now. Until the our national debt is liquidated, all public officials should serve without pay and the Bush tax breaks for the rich should be revoked retroactively. ';Government of the people, by the people, and for the people'; ... or should we just sit there and be had?Should all US oil companies be nationalized to pay for the massive debt incurred to secure the oil supply?
USA can take their revenue.Should all US oil companies be nationalized to pay for the massive debt incurred to secure the oil supply?
Crude oil at the well-head at, say $110 per 42 gallon barrel works out to $2.62 per gallon.





Now pay to get that oil across the ocean and to a refinery and process it into gasoline, and remember that some is lost in the process and not all of it can be made into gasoline anyway, but ends up as road tar or ';bunker C'; boiler fuel at much lower selling prices.





Now pay to pipeline it or barge it to a distributor terminal hundreds of miles away, and then truck it to a retailer another couple of hundred miles away, and ';deadhead'; back..





Now add federal, state, and local taxes. That's all included in the pump price. Gasoline sells today in my area for $3.04 to $3.07 per gallon. Now want to tell us all about the obscene profits?





Do YOU want to invest in ';Big Oil';? Many investment advisors would strongly advise AGAINST that right now.





Nobody has been willing to risk money by building a new refinery in the U.S. for more than 30 YEARS. Does that tell you something about excessive government control?





Hugo Chavez is all for nationalization of oil in Venezuela, but he's a communist dictator who is confiscating the lawful property, refineries, and resources from companies and investors, including many Americans who trusted the Venezuelan government not to steal their retirement savings.





Should American companies and investors now get the same rotten treatment from their own government, and particularly from Hillary Clinton and Nancy Pelosi, who have PROMISED to steal from them?
How socialist.... If You want to clear the debt ,increase wages and have a stronger economy socialistic ideas are not the answer.Economists at the Tax Foundation have found that employees suffer most when their corporate employers are forced to pay high corporate taxes. This basically runs counter to the theories that have prevailed in American politics for decades ... that corporate taxes hurt investors. But this study found that workers bear 70% of the burden of corporate income taxes. Right now half of the states in this country have a higher corporate tax rate than any other nation in the world.. Higher taxes and attacking the ';evil';rich doesn't help our economy it attaches a higher burden on the middle class....
What about all the individual Americans making money from oil? investors in IRAs, 401Ks, etc.; those who trade commodities?





Do you know the difference between profits and profit margins?





Also, can you name the 2 countries we import the most oil from? hint: they are both in North America!





Furthermore, do you have any idea how the tax system generates money? Hint: you don't give tax breaks to those who don't pay taxes!





Raising taxes on those with money hurts our economy, because it decreases what is put back into circulation!
Yes- all private property should be nationalized. The right to own property should be anulled. It is the people's property.
Ummm... Oil is traded on the open market... and all oil companies are publicly traded... so ';at the expense'; of the American people is only about half true. Personally, my 401(k) has increased by about 17% over the last 3 or 4 years... That is SIGNIFICANT for any investment portfolio...





Being a publicly held company, these entities have responsibilities to stock holders (indaviduals) to make as much as they possibly can!

ie hacks