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Maxine Waters threatens to socialize… err… “nationalize” America’s oil industry

May 23, 2008 · · Filed Under Fuels, Governments, Industry, Oil Industry, Oil Refining 


Link: sevenload.com

“And guess what this member* would be all about? This member would be all about socializing — er, uh. [Pauses for several moments] …. would be about … [pause] … basically … taking over, and the government running all of your companies.”

Found At: Hot Air

It’ll never happen in America, but it has happened all over the world in recent years: 

First Russia. Then Venezuela. Now Bolivia.

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 anyone’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 Russia’s Vladimir Putin, Venezuela’s Hugo Chavez and Bolivia’s Evo Morales inspire a copycat.

More about Chavez of Venezuela in particular:

From: Wikipedia

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.



One Response to “Maxine Waters threatens to socialize… err… “nationalize” America’s oil industry”

  1. Crude Oil Refining on June 12th, 2008 8:13 PM

    Hey! , I located your blog while searching for Crude oil refining and your post regarding Maxine Waters threatens to socialize… err… “nationalize” America’s oil industry was very interesting. There were some parts I couldn’t agree with. I’m looking forward for more convicing posts on the topic.

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