Why isn't our oil industry nationalized? If it were, would it possible that our goverment be debt free?
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No, oil would cost three times as much and be ten times less efficient.
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The problem is that the government is not capable of running a business, any kind of business. They couldn't even run a brothel in Nevada successfully.
Why? Seriously, that could be the biggest mistake ever made in human history. And at a time we need to privatize everything we possibly can in the U.S.
Even socialist leaning governments around the world are smart enough to turn critical industries back to the private sector.
The oil industry? We would starve to death in the U.S.
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