Lately, I've been toying with the notion that it might be in the best interest of the nation to nationalize or otherwise regulate our oil.
Clearly, the for-profit oil industry rarely operates in the public or even the national best interests. Yet this non-renewable resource pervades and influences every aspect of our economy and is arguably key to any national defense strategy in both peacetime and war.
While I pose a few arguments below the fold, I'd like to utilize dailykos at its best - a brainstorming, educational forum. I know nothing about the process, feasibility or reasonableness of the nationalizing a resource. Can we collectively make the case to nationalize or otherwise regulate oil?
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