Quote:
Originally Posted by Netphase
Without a socialist/communist government running state owned oil companies wouldn't that oil from Alaska and North Dakota still just be put up on the commodity market and sold to the highest bidder?
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Not Socialist/Communist Grasshopper.... just a Nationalist government that would give us first dibs. Anything left over could go on the free market. We'd probably work some sweet deals with our friends - especially our buddies in Merry Ole England and Denmark and Canada ( wait Canada has tons of oil too) - who knows.
Even if we played straight Laissez-faire, with all that American fuel flooding the market, prices would go down. And as an added bonus, OPEC would no longer be able to pick a price per barrel in some smoky room.