Rep. Maurice Hinchey Proposes Refinery Nationalization
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The major oil firms are not owned by the American 'people'. They are multinational corporations, they do business globally, and have investors from around the globe. They act in the interest of their corporation. If they can get more profits from holding oil out of the market, (pinching demand, thereby increasing price) they will.
kramselab 2 years ago
Don't the American People OWN the major companies? Isn't it already controlled by The People?
xagcx 3 years ago