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JustABozoOnThisBus

(24,715 posts)

1. Would more oil be helpful?

Reply to Samrob (Original post)

Mon Jun 6, 2022, 05:27 AM

Jun 2022

As I understand it, oil companies shut down some refineries when the pandemic reduced demand. Apparently, they have no intention of restarting the refineries, prefering to simply enjoy the profits from current refining capacity.

I don't know if the refineries are able to be restarted, or if they have been demolished to some degree.

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So, can Biden nationalize US oil companies because they won't pump more oil? [View all] Samrob Jun 2022 OP

Would more oil be helpful? JustABozoOnThisBus Jun 2022 #1

If nationalized, the military could reopen. nt Samrob Jun 2022 #4

How many troops shall we set aside for that? NT mahatmakanejeeves Jun 2022 #8

I live by an amy base and 2 air force bases. We have plenty of troops "practicing" We can spare some Autumn Jun 2022 #26

When did the military become experts on oil and gas production? MichMan Jun 2022 #9

good point. After Venezuela nationalized their oil industry it imploded due to inexperience Amishman Jun 2022 #25

Yeah, I was about to make the same point In It to Win It Jun 2022 #28

Are they gonna hold the workers at gunpoint ? madville Jun 2022 #13

Don'cha know Lurker Deluxe Jun 2022 #20

MOS 92OR sarisataka Jun 2022 #22

Some of them were shut down for other reasons. GoCubsGo Jun 2022 #14

Keep it in the ground. Thunderbeast Jun 2022 #2

The price of gas needs to quadruple oioioi Jun 2022 #10

That is just plain nuts...and then the GOP forms a dictatorship when we lose multiple elections. Demsrule86 Jun 2022 #18

Sorry, the planet is on life support. Gas is way too cheap. oioioi Jun 2022 #21

The US uses 20% of the world's produced oil madville Jun 2022 #27

Agreed - but the US burns much more oil per capita than other major consumers... oioioi Jun 2022 #30

Of course! Patton French Jun 2022 #3

Nationalizing the oil companies is the one unforgivable thing in the global capitalist world Walleye Jun 2022 #5

Youngstown Sheet & Tube Co. v. Sawyer mahatmakanejeeves Jun 2022 #6

Under what grounds would it be a national emergency? MichMan Jun 2022 #7

Exactly. It isn't going to happen. JohnSJ Jun 2022 #11

And, what happens when they can't refine it fast enough? GoCubsGo Jun 2022 #12

Sounds like a great path to shortages madville Jun 2022 #15

10 refineries in the Houston metro . . . 14.3 percent of the nation's production Strelnikov_ Jun 2022 #16

Do you really think there is political will for subsidizing refineries that sit idle MichMan Jun 2022 #19

No he can't. And he wouldn't. onenote Jun 2022 #17

We have the oil, but can't refine it or it costs too much. sinkingfeeling Jun 2022 #23

No Biden can't nationalize oil iemanja Jun 2022 #24

If Biden could do that, that is a sure way to lose the midterm. In It to Win It Jun 2022 #29