118 comments on House Democrat(s?) Call for Nationalization of US Refineries
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118 comments on House Democrat(s?) Call for Nationalization of US Refineries
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GAIA Host Collective
With current crack spreads, many oil companies might be well advised to sign over title to refineries for one dollar.
Westexas,
Makes sense to me. Refineries are no longer making money, and don't look like they will in the future, and oil companies would be well suited to dump these giant fixed expenses, huge infrastructure maintenance, and money losers onto We The People for their upkeep and care. Upstream is still profitable. The oil companies are learning from/jealous of the banks--dump the losses on the backs of the people and keep the profits for the few.