Friday, August 24, 2007

Nationalize The American Oil industry and all Energy..

This Blog Site is to examine the Nationalization of the American Oil Industry and all Energy in America as one of the most important changes we can make as a nation which would propel us with strength both economically and from National Security perspective into the 21st Century..

This concept will be our future and would also once again make America a Technological leader and also reduce energy costs across the board from 30-33% creating an economic boom that would benefit every American and also funnel tens of billions into the development of new technologies engine designs far ahead of the rest of the world and alternative energy sources, as well as address the energy infrastructure sorely needing upgrade and repair as well as exploration for new energy sources..

When Exxon-Mobil last year made $38 Billion it spent only $974 million on all these different important endeavors while then spending $37 billion buying back it's own stock..!

So you see we could have had $37 more billion to address these issues as well as global warming and air pollution and our environment as well..

Instead what we saw was the accumulation of Corporate wealth for it's own sake..

The oil Industry is worth roughly $84 billion now even if we we're to cut the cost at the price for barrel point then we would still gain roughly $60 billion give or take a billion here and there for all these important vital efforts..and that's just Oil..include electric and we're really talking huge sums that could still be traded on the market as they are in China and Russia but be state owned..

Imagine real true clean coal technology real clean coal and also perhaps even fusion, hydrogen engines as they already use in Germany on most buses, or a better compressed Air Engine and car as they are already producing in India that runs all day on $2 dollars of compressed air..and so far does 68 mph..!

So this blog will address this the most important solution to our troubles and also one that could very well also avoid or end useless wasteful immoral wars both ongoing and those even worse to come..

This is not an idea it is the solution and our future and would also increase employment of American with good high paying jobs as for the sake of greed and profit workers have been laid off and fired and the infrastructure allowed to suffer..from pipelines to refineries..!

Please look for this blog and also share this idea with friends and others who understand macro economics and remember the purpose of government is to serve the people..the people..!

Also let's not forget the Oil Industry is not in the business of putting itself, out of business...!

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