Althea
Althea told me...
No it isn't. It's no different than Medicare for all. A competing public system.Yet that's what you are advocating by setting up a Federal oil system to compete with the private market.
And to your earlier comment re. investment.
HOW you invest is one thing.
Manipulation of markets is illegal even under our current system.
Investors holding companies hostage unless they cut production is not the same thing as choosing to invest in said companies.

In fact the XL would have added 510,000 barrels (81,000 m3) per day to refineries in Texas . That is roughly what we are currently buying from Putin.
The Biden administration anti fossil fuels stance has had a chilling effect on financing of new exploration. And that has an effect on energy independency. Think of it as a race we must always press forward to have enough energy for tomorrow. Biden comes in and limits or engine's ability to get fuel so our car slows and we lose the race.