Canceled.LTroll.29
Banned
"Following President Bush's call on Wednesday for the re-opening of the Outer Continental Shelf to oil exploration after a 27-year moratorium, Rep. Maurice Hinchey, D-N.Y., endorsed the idea of national ownership of at least some U.S. oil refineries.
But on Thursday, Hinchey wouldn't repeat his call for nationalization, only saying he thought it was important to put pressure on oil companies to bring prices down, and that there should be a greater push for alternative energy sources.
On Wednesday, Hinchey criticized Republicans for what he said was a hypocritical approach to energy prices: 'Our Republican friends also talk about the need to set up ways in which the material can be refined, refineries. Well, do we own refineries? No. The oil companies own refineries. Should the people of the United States own refineries? Maybe so. Frankly, I think that's a good idea.'
Hinchey said that would allow the federal government to better 'control the amount of refined product much more capably' than the oil companies."
Rep. Maxine Waters (D-CA) has also called for the seizure of oil company assets:
http://hotair.com/archives/2008/05/...reatens-to-nationalize-americas-oil-industry/
My questions are:
What has the government ever done to prove it can run any industry better than the private sector?
Isn't the forcible seizure of property by the government a violation of the US Constitution?
But on Thursday, Hinchey wouldn't repeat his call for nationalization, only saying he thought it was important to put pressure on oil companies to bring prices down, and that there should be a greater push for alternative energy sources.
On Wednesday, Hinchey criticized Republicans for what he said was a hypocritical approach to energy prices: 'Our Republican friends also talk about the need to set up ways in which the material can be refined, refineries. Well, do we own refineries? No. The oil companies own refineries. Should the people of the United States own refineries? Maybe so. Frankly, I think that's a good idea.'
Hinchey said that would allow the federal government to better 'control the amount of refined product much more capably' than the oil companies."
Rep. Maxine Waters (D-CA) has also called for the seizure of oil company assets:
http://hotair.com/archives/2008/05/...reatens-to-nationalize-americas-oil-industry/
My questions are:
What has the government ever done to prove it can run any industry better than the private sector?
Isn't the forcible seizure of property by the government a violation of the US Constitution?