Nationalize big oil

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Fraser921
Posts: 2954
Joined: Mon Mar 22, 2021 11:48 am

Nationalize big oil

Post by Fraser921 »

Sunday's Energy Absurdity of the Day: DOE Guy Turned Activist Says 'Big Oil' Must Be Nationalized

The hits just keep on coming. Saturday must have somehow been a slow news day at The Hill, so the editors there decided to run what is possibly the single most consistently dishonest and irredeemably dumb op/ed written by a former DOE bureaucrat named [checks notes] Willam Becker. Becker is also predictably a functionary now at something called the Global Energy Center for Community Sustainability, i.e., a climate activist. Good for him - he’s no doubt making a fine living a

In his op/ed, Becker advocates for the federal government to “nationalize” “big oil,” because what else would a good climate alarmist do? It’s the Hugo Chavez/Fidel Castro/Joseph Stalin approach to government, but hey, that’s totally consistent with everything else the climate alarm movement advocates for, so why not?

The column itself is a real masterpiece of leftist advocacy, relying on every myth the movement has promoted about “big oil” companies, and referring repeatedly to nebulous “research” done by fellow climate alarmist groups and individuals for its nominal proof points.

Here’s an example:

Third and most important, the government should nationalize Big Oil. That would allow the government to manage the industry’s drawdown, a process the private sector is ignoring. A coalition of climate-action groups showed the world’s 60 largest banks financed nearly $4 trillion in fossil energy projects over the last five years, investments that could be stranded and lead to more requested taxpayer bailouts when the carbon bubble pops.

It’s no doubt a work that old climate alarm propagandist Bill McKibben would be proud to call his own, in fact. Nicolas Maduro, too.

My goodness.
dan_s
Posts: 34465
Joined: Fri Apr 23, 2010 8:22 am

Re: Nationalize big oil

Post by dan_s »

Although anything is possible, but IMO there is zero chance that the U.S. government will attempt to nationalize the nation's oil & gas. They don't have the brain power to manage it.
Dan Steffens
Energy Prospectus Group
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