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EX500rider

(12,256 posts)

60. "Venezuela was able to nationalize oil and other natural resources industries with success"

Tue Mar 8, 2022, 04:19 PM

Mar 2022

Venezuela is hardly a success in anybody's book these days and their nationalize and seize industries is a big part of that reason why.

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Just a question. If energy production in the US was nationalized, what would a gallon of gas cost? [View all] maxrandb Mar 2022 OP

After the break up of Standard Oil by Teddy... Hugin Mar 2022 #1

I wonder this sometimes too and all I get is Bettie Mar 2022 #2

The price of oil is supposed to be set globally. gab13by13 Mar 2022 #3

Firstly your numbers are oddly off Leftofthefairway25 Mar 2022 #4

While they are at it, healthcare would be another great product to nationalize. Chainfire Mar 2022 #6

YES!!!!! I'd definitely be on board with PatrickforB Mar 2022 #36

Welcome to DU! KS Toronado Mar 2022 #11

One can offer up the scale BumRushDaShow Mar 2022 #12

I dont think you're wrong, but changing something like that would take decades.. Volaris Mar 2022 #5

"Gadzooks! The peasantry having access to discretionary assets!" Hugin Mar 2022 #8

Sounds about right lol. Volaris Mar 2022 #13

There's the bottom line. Hugin Mar 2022 #15

I think you're right moose65 Mar 2022 #7

Pierre Trudeau did It in Canada OneBlueDotS-Carolina Mar 2022 #9

Who knows? Really, this is a question with no rational answer... TreasonousBastard Mar 2022 #10

Because most politicians work for the wealthy corporations, not the people. Irish_Dem Mar 2022 #14

Monopolies generally charge what they want. Progressive dog Mar 2022 #16

Big oil is in the throws of not being in the cat seat... Hugin Mar 2022 #30

Citizens United makes that great idea impossible to implement for the forseeable future. Scrivener7 Mar 2022 #17

FWIW, when I worked in Venezuela during the Chavez years, their nationalized gasoline, heavily sop Mar 2022 #18

Sounds good, until one realizes a lot of Venezuleans today make $10 a month. Hoyt Mar 2022 #44

The Venezuelan economy collapsed Progressive dog Mar 2022 #47

The problem is that there isn't enough competition Buckeyeblue Mar 2022 #19

This message was self-deleted by its author Mary in S. Carolina Mar 2022 #26

All big corporations really Buckeyeblue Mar 2022 #48

as in any critical service supply / utility azureblue Mar 2022 #20

The moneyed interests who own the government The Wizard Mar 2022 #21

SO you would want a Trump appointee determining which states get fuel? fescuerescue Mar 2022 #22

It should not be a position where the president determines who will be selected, there have to be Escurumbele Mar 2022 #31

So the Prez selects the Sec of Energy SCantiGOP Mar 2022 #37

As I pointed out before, it worked in a 3rd World country like Venezuela, it should work here Escurumbele Mar 2022 #49

$120k isn't exactly going to inspire the best fescuerescue Mar 2022 #64

I didn't come up with that salary, it came from the original post which I did not write, but Escurumbele Mar 2022 #67

I guess my next question is. Who selects this person? fescuerescue Mar 2022 #72

Like the Postal administrator eh? fescuerescue Mar 2022 #63

I said "not selected by the president"...don't people read posts all the way? Escurumbele Mar 2022 #68

The postal administrator ISN'T selected by the President fescuerescue Mar 2022 #71

First, which oil company CEO makes $20-30 BILLION per year? MineralMan Mar 2022 #23

I am sure the $20, $30 billion was an exaggeration, but that is not the issue, they do make millions Escurumbele Mar 2022 #35

Ridiculous exaggerations turn arguments into ridiculous arguments. MineralMan Mar 2022 #40

I did not compare USA with Venezuela, but if Venezuela was able to nationalize oil and other Escurumbele Mar 2022 #54

"Venezuela was able to nationalize oil and other natural resources industries with success" EX500rider Mar 2022 #60

Geez...you have to READ what I wrote, I said "A SUCCESS UNTIL HUGO CHAVEZ DESTROYED EVERYTHING" Escurumbele Mar 2022 #66

So it didn't end well fescuerescue Mar 2022 #73

So all it would take is one bad leader forthemiddle Mar 2022 #74

U nailed it Cherokee100 Mar 2022 #24

Food is more important than energy SCantiGOP Mar 2022 #39

No, you regulate food to make sure it is right for people to eat. You are comparing apples with Escurumbele Mar 2022 #55

Not sure if it would be a good thing or a bad thing but what I do believe is that we should not be cstanleytech Mar 2022 #25

A fully functioning government would have made gasoline obsolete by now. lagomorph777 Mar 2022 #27

So no country in the world has a "fully functioning govt"? EX500rider Mar 2022 #61

That is a fantastic question. People don't seem to understand that we pay for those huge salaries Escurumbele Mar 2022 #28

from a purely production standpoint.... getagrip_already Mar 2022 #29

Clearly it should. jaxexpat Mar 2022 #32

A big part of the problem is predatory capitalism. Lonestarblue Mar 2022 #33

If the oil companies actually developed the leases they currently have randr Mar 2022 #34

Because capitalism Farmer-Rick Mar 2022 #38

Yeah fire department's roads and police are not socialism EX500rider Mar 2022 #52

They are socialism Farmer-Rick Mar 2022 #56

Yeah you can't make up your own definitions and have them stick EX500rider Mar 2022 #57

Yeah, you really don't know what socialism is. Farmer-Rick Mar 2022 #58

Means of production is not roads or police or fire depts. EX500rider Mar 2022 #59

You need to do some research Farmer-Rick Mar 2022 #62

Right, no evidence other then the dictionary definition you mean. EX500rider Mar 2022 #65

A definition inappropriately applied Farmer-Rick Mar 2022 #70

Energy like Healthcare Snackshack Mar 2022 #41

I'd use a lot less petrochemicals, nearly zero. usonian Mar 2022 #42

Besides the entire illegality of stealing assets from citizens the basis grantcart Mar 2022 #43

Doubt it would be a lot cheaper, if any. Plus, who'd want someone like trump presiding over fuel. Hoyt Mar 2022 #45

Less than 10% cheaper than now. thatdemguy Mar 2022 #46

I guess I am just looking for a way to try to not be held hostage to tyrants and madmen maxrandb Mar 2022 #50

America as a whole would burn thatdemguy Mar 2022 #51

If fossil fuel companies are nationalized it's a lot harder to kill them. And they do need to die. hunter Mar 2022 #53

Hopefully a very high price, to deter use Cicada Mar 2022 #69