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Originally Posted by aceventura3
Currently the primary reason oil is so expensive is due to regulations.
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Why are they all continuing to post record profits? Regulation?
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Originally Posted by aceventura3
There is plenty of oil on this planet to meet our needs for hundreds of years.
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No one knows that for sure. If you have a room of scientists, and they all have different answers and different reasons for their answers, it's hard to be certain.
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Originally Posted by aceventura3
Perhaps we would be better off if people like Hugo Chavez controlled all of the oil companies?
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I'll let the results there speak for themselves, but no that wouldn't work in the US. We're too capitalist. What we need is to hold corrupt politicians and oil corporations alike accountable for conflicts of interest, bribery, and the like. Once we've weeded out the worst, things will probably be a lot better.
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Originally Posted by aceventura3
Or are we better served by having a healthy group of domestic oil companies?
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What, in you opinion, constitutes a healthy oil company? I'm curious.
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Originally Posted by aceventura3
If an oil company is corrupt or violates the law there should be consequences for that company, not the entire group of domestic oil companies, in my opinion.
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Until there are consequences, though, there will be the mistrust I spoke of.