Quote Originally Posted by Killface View Post
Doesn't the government of Brazil own the oil companies? "We" won't strike it rich on anything.
Free market buddy....nationalization is for suckers!

Say the US nationalizes oil fields well #1 we don't produce enough and we consume a ton #2 OPEC would shit a brick and the price goes up.

Say the US just discovers a ton of oil and we sell to the highest bidder #1 if we produce more oil then the supply hits the market and more supply = lower prices #2 The companies we would have drilling here are US owned and opperated and therefore taxed by the US government and therefore the American people get benefits from finding and producing oil here even if we don't get to use all of it.

Brazil IS energy independent though and why? Because they drilled and found a gigantic amount of oil....it could happen to us