if Obama nationalizes the oil companies

Quote from Optional:

Exactly. I never said BP as I am aware that it is not a US company.

So, no one has any idea what effect that could have on price, supply, demand?

No one said BP. Name us 3 domestic oil companies that matter[read: have significant production] that Obama has influence over. The OP question is silly.
 
Quote from nickdes:

You think this band of socialists in the senate or the house would impeach him, they are complicit with obama. The very fact that anyone actually believes this senate or house would impeach this anti-American president is laughable!!!!!!

These senators would applaud this.

We have elections coming up . . . we have the ability to change that political make up.
 
You actually think the U.S. federal government is going to nationalize oil companies.

You are an idiot.



Quote from Optional:

Exactly. I never said BP as I am aware that it is not a US company.

So, no one has any idea what effect that could have on price, supply, demand?
 
Quote from Deadwood:

Tell that to GM.

The gov is allowed to buy securities but they can't 'take over' in the sense that overnight they announce that they own the company(like some imply they should do with BP)

If they were to 'nationalize' BP, it would take more than $100b and a long time buying the stock, in my view thats not what people mean by 'taking over'
 
Quote from subban:

No , but he can kick out all foreign oil companies and create his own government run division to run all oil processing and drilling in America.

Lol, do you actually know the legal powers of the office of US president? It's not a one-man dictatorship like N Korea.
 
Quote from Ghost of Cutten:

Lol, do you actually know the legal powers of the office of US president? It's not a one-man dictatorship like N Korea.

Yeah, good thing presidents can't appoint unelected "tsars" or anything. This is still the U.S.


Oh, wait...
 
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