Reply #8: Oil as a Public Utility

[youngharry]

Joanne98 is right. Oil is the perfect business to make into a Public Utility. Either that or pick one of two other options: 1) Regulate oil profits, so that no oil company can earn more than 7-10% on their investment, or 2) Fine oil Companies an excess profits tax.

This kind of regulation should also apply to all CEOs running companies on Wall Street. NO MORE GOLDEN PARACHUTES, ESPECIALLY AS THEY HAVE INCREASED THEIR COMPANIES PROFITS BY ILLEGAL MEANS.

THERE NEEDS TO BE A RECKONING IN THIS COUNTRY AND A SERIOUS LOOK AT RE-REGULATING ALL MULTI-NATIONAL CORPORATIONS (THAT WAS UNDONE BY RONALD REAGAN), ESPECIALLY THOSE THAT TAKE THEIR HEADQUARTERS OUT OF THE US IN ORDER TO AVOID US TAXES.