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Problem solved by Kindergarten economics
CuntWaffle
Member Posts: 22,500
in Tug Tavern
Comments
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Maybe the government should just nationalize the oil companies. That's worked out great in Venezuela.
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Yeah, imagine what the US government bureaucracy could do with the oil industry. It would be like how well the US and Oregon Department of Transportations work. Bridges springing up over night and freeways widened in a year. Hell, oil production would just skyrocket.PurpleThrobber said:Maybe the government should just nationalize the oil companies. That's worked out great in Venezuela.
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The problem with that tweet is that hundreds of thousands of morons agree with his logic.
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Have seen more than a few suggest that. lHave also seen a lot of price controls suggestions. Unintended consequences galore. People are really dumb.PurpleThrobber said:Maybe the government should just nationalize the oil companies. That's worked out great in Venezuela.
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Maybe we can do the math. I'm willing to bet that oil companies aren't even profiting 25 cents for every gallon purchased. either way, obviously that's a stupid solution. Lowering prices for any reason other than reduce in demand or increase in supply will create shortages.
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Well, for Exxon Mobile their profit percentage is 8.4%. So completely eliminating their profit on gas at $5 a gallon would reduce the price by 42 cents. And like Venezuela, their oil production would plummet.
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Notice how he doesn’t mention getting rid of the Federal and state taxes on fuel.
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Or maybe if people just made more money then they could afford gas.
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The oil will come up and refine itself for free
Oil companies shouldn't profit from the billions they invest to make most Americans soft fucking losers
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it might be kindergarten level, but I was told there would be no maff
