Maxine Waters threatens to socialize… err… “nationalize” Americaâ€™s oil industry
â€œAnd guess what this member* would be all about? This member would be all about socializing â€” er, uh. [Pauses for several moments] â€¦. would be about â€¦ [pause] â€¦ basically â€¦ taking over, and the government running all of your companies.â€
Found At: Hot Air
It’llÂ never happen in America, but it has happened all over the world in recent years:Â
Soaring energy prices are fueling a global wave of natural-resource nationalization that is souring the investment landscape for international oil companies and reshaping energy politics for years to come.
While it is anyoneâ€™s guess as to which energy-rich developing nation will be next to assert greater state control over its oil or natural gas assets, analysts say it is only a matter of time before the actions of Russiaâ€™s Vladimir Putin, Venezuelaâ€™s Hugo Chavez and Boliviaâ€™s Evo Morales inspire a copycat.
More about Chavez of Venezuela in particular:
2007 On May 1, 2007, Venezuela stripped the world’s biggest oil companies of operational control over massive Orinoco Belt crude projects, a controversial component in President Hugo Chavez‘s nationalization drive.