I have a totally different opinion. Let's hire oil companies to develop and sell oil on federal lands, for fixed costs plus a generous sales commission. We let them deduct expenses plus they get the first 50,000 BBL per day to sell and 20% of the profit from every additional BBL sold as crude and 20% of the profit of any refined produc…
I have a totally different opinion. Let's hire oil companies to develop and sell oil on federal lands, for fixed costs plus a generous sales commission. We let them deduct expenses plus they get the first 50,000 BBL per day to sell and 20% of the profit from every additional BBL sold as crude and 20% of the profit of any refined product sold, such as gasoline. With 20% commission, Their incentives become minimizing price and moving to zero pollution alternatives, not maximizing price and drilling more.
Norway has done this since they started and now have over $200K per citizen in the bank, growing fast. Let's do the same in the USA.
We taxpayers would get 80% of any fuel price increase, and MOST fuel is used in commercial shipping, so while we address high prices, huge profits will pour into our tax free savings accounts. If people are having trouble making ends meet, we can designate and separate "wind fall profits" and allow people to access them. When prices spike, they would drive for free.
If oil companies were restricted to just making profits, but left alone to compete with whatever rules applied to every competitor, they would do fine.
I have a totally different opinion. Let's hire oil companies to develop and sell oil on federal lands, for fixed costs plus a generous sales commission. We let them deduct expenses plus they get the first 50,000 BBL per day to sell and 20% of the profit from every additional BBL sold as crude and 20% of the profit of any refined product sold, such as gasoline. With 20% commission, Their incentives become minimizing price and moving to zero pollution alternatives, not maximizing price and drilling more.
Norway has done this since they started and now have over $200K per citizen in the bank, growing fast. Let's do the same in the USA.
We taxpayers would get 80% of any fuel price increase, and MOST fuel is used in commercial shipping, so while we address high prices, huge profits will pour into our tax free savings accounts. If people are having trouble making ends meet, we can designate and separate "wind fall profits" and allow people to access them. When prices spike, they would drive for free.
If oil companies were restricted to just making profits, but left alone to compete with whatever rules applied to every competitor, they would do fine.