The cheaper authoritarian move is to nationalize the oil industry.It might happen if he turns to nukes. Gas prices right now are jumping 20 cents/day for absolutely no reason. Sure...blame it on the Putin war. In the past, if someone farted in the Persian Gulf, prices went up.
American petro companies are refusing to pump oil. They are no different than OPEC. Of course, their masters demand it:
I read an interesting piece the other day re. sand. Because our oil companies refused to invest in new drilling last year in lieu of paying dividends, now that they want to jump on this hot market they cannot. There is (evidently) a shortage of sand!
We need the Feds. to start a national oil/gas drilling apparatus that will compete with the private sector. We gloated when the fracking industry was pumping like crazy and bragging about our energy independence.
Now they're just another member of OPEC. Landing there with the help of Wall St.
I fail to see how a democratic government in a free country can dictate to it's citizens how to invest their money.
