Sunday, August 10, 2008

Even If We Drill Domesticly, We Still Won't Own The Oil

http://www.alternet.org/environment/93619/if_we_drill_in_the_u.s.%2C_we_don%27t_get_the_oil/ A few days ago, I was talking with my mother and sister about the oil crisis, and both the Republican, and Democratic parties, plans to deal with the high gas prices. My sister, who is a staunch Republican, told me that she feels that the Republican party's ideas make more sense to her, because then we would not have to rely upon foreign sources of oil. But as the above mentioned article states, we still wouldn't necessarily have more access to the oil market. The transnational companies would try to get the highest price possible, in the global market. The Democrats however want to ensure that Americans get first dibs on the oil which is to be drilled. Here is there plan. http://democrats.senate.gov/journal/entry.cfm?id=301022 As I've posted in a previous blog post,http://libertariansocialist.blogspot.com/2008/07/use-it-or-loose-it.html, I feel that the oil industry should be nationalised. It's actually one of the few industries which I believe should be under direct governmental ownership.

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