Thread: Urgent: House Democrats call for nationalization of refineries

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  1. #11  
    gator
    Guest
    Lets see The refiners wiil"

    Will be unionized and the unions will send money to the Democrats.

    Will be required to be "green".

    Will be dedicated to assuring "social justice".

    Will be required to hire minorities.

    Will allocate the products to the disadvantaged.

    etc, etc
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  2. #12  
    Senior Member
    Join Date
    May 2008
    Posts
    718
    Pardon for the following language, BUT

    THIS IS THE MOST F*CKING STUPID, ILL-TIMED ACTION EVER

    I can tell you this. There is a Canadian oil company that has invested $USD 100 Million to begin the design and permiting phase for a $USD 9 Billion refinery to be built in New Brunswick. Yes I know this in not subject to US nationalization. However, as they have explained in meetings, they are reconsidering construction due to impending economic slowdown and political uncertainty.

    Moral of the story, why would any US comany want to commit to building a multi billion dollar facility with the uncertainty of a veto proof Democratic Congress voting for confiscation of their investment?? This single vote will cause no new refineries to be built and no large expansion or modernization of existing facilities. The expanding demand for gas will not be met.

    In all seriousness, I see gas lines in the future. We are in some serious trouble.
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