Do you think that seizing the Oil and Gas industry then Nationalizing these industries?

What you're saying about the Oil Moguls having the integrity of drug cartels is true, They often team up with drug lords for political gain. Oil is an international business, that includes Americans, Europeans, Asians, Oil Sheiks. They are not loyal and really don't care about the USA economy accept to get subsidies and special tax treatment. Exxon-Mobile pays no tax and their profits have never been so high. War and unrest give them a reason to raise prices and increase profit. That's a fact. I don't think Nationalizing is the answer. Oil and Energy are traded on the stock exchange. The answer is to stop supporting them like they are one of US and we need to support OIl. It's looting taxpayer funds and the wars are for their protection and are killing people and the economy. We need to get Oil out of a position of extreme influence over our government. Renewable Energy is here, it works, and house by house, business by business, windmill by hydro plant, hybrid by electric hybrid, we can reduce our need for Oil a lot.

http://www.pbs.org/newshour/businessdesk/2008/08/d...

We both import and export oil partly because of the cost to transport it to other parts of the country. Some of our oil doesn't meet environmental standards in this country. The private sector is so much more efficient that I would dread the thought of the government taking over our oil and gas industry. The price of oil is set by the global market and affected by commodity investments. It is also affected by the threats that may interrupt the supply. Also part of the subsidies to US oil companies is spent on R&D for alternative energy.

The University of Boston has an ongoing study making fuel from panels (like solar panels) with sod draped over them. Water and microorganisms plus sunlight and the grass turns the water into diesel fuel that could be used as fuel for airplanes, vehicles, etc. Biotech companies are also working on this type of fuel that would not require further refining. We may be off oil in another 20 years. They just need to make the decision and somebody needs to risk the huge investment that would then result in engines that would run efficiently on the new fuel.

http://www.technologyreview.com/Biztech/19128/

Yes, but considering America is not China, I don't think we can just go in and nationalize industries like the Communists.

So, maybe a good first step is to end the subsidies to the oil industry and then lower our gas taxes or something.

It certainly would be the quickest way to totally destroy the country. The EPA, one of Obamas very favorite agencies would probably shut down all oil wells, never mind allowing any new drilling anywhere. Even if that did not happen, have you ever heard of the Government running any business in an efficient manner.

& Big Banks, at least.

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International Monetary Fund’s former Chief Economist:

“Our leading bankers looted [the United States], plunged the world into deep recession, and cost the United States eight million jobs.

“Now many of them stand by with sharpened knives and enhanced bonuses – willing to suggest how the salaries and jobs of others can be further cut.

“Consider the morality of that.

“Will no one think hard about what this means for our budget and our political system until it is too late?”

By Simon Johnson, former Chief Economist @ the International Monetary Fund.

http://economix.blogs.nytimes.com/2010/12/30/fresh...

http://economix.blogs.nytimes.com/2011/02/10/ship-... Simon Johnson

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“Paperwork omissions that led one of the nation’s largest mortgage servicers to halt foreclosure evictions in 23 states last week have happened elsewhere and affect tens of thousands of foreclosures, say lawyers for homeowners.

“They were filing fraudulently.”

“It’s rarely done correctly.” http://www.usatoday.com/money/economy/housing/2010...

"Much of the problem with foreclosures lies w/ the mortgage banks. Widespread errors and abuses include improper delays, denial of modifications, excessive fees, and violations of borrowers’ legal protections."

http://www.nytimes.com/2011/03/04/opinion/04fri1.h...

Yeah sure, it worked so well in Venezuela and China. What I can't believe is someone naive enough to even ask this question.

Oil companies are owned by stockholders.

You'd rob them,turn their property over to politicians and expect good results?

You must be an Arab.

they are nationalized, why do you think we are paying 350 a gallon and not allowed to drill here!

Yes, that's a good idea.