Lancaster County PA Realty Check: Nationalize Our Refineries? Are You Kidding Me?

Nationalize Our Refineries? Are You Kidding Me?

Right now the United Sates is reaping the very predictable rewards of our misguided energy policy for the last 30 years.  This should be no surprise.  Why are we dependent on foreign oil for 60% of our needs? 

Let's look at what we've been doing.  It has all the ingredients of a perfect storm...

1)  Environmentalists have forbidden drilling in the Alaskan National Wildlife Reserve (ANWAR) even though present technology can explore ANWAR, which has 19 Million acres, with a footprint of only 2,000 acres.  This is the equivalent of the size of one letter on the page of a full size newspaper!

2)  Drilling on the outer continental shelf (OCS) has been forbidden for decades.

3)  China has been allowed to buy drilling leases 40 miles off the Gulf of Mexico, from Cuba - a location that is forbidden to American companies - while we wring our hands about carbon footprints.

4)  We haven't built a nuclear reactor for 3 decades because of the agonizing, expensive and complex years-long regulatory permit requirements.

5)  Because of our lax border security, tens of millions of illegal immigrants have swelled our population, adding to the energy requirements of the nation.

6)  The was againt terror has cost over $600 Billion.  Not only has it drained our treasury, but by borrowing from foreign countries to pay for it, the very value of the dollar continues to decrease, making everything - including gasoline - cost more in dollars.  In addition, some the money that we pay to the oil producing countries ends up in the hands of peope friendly to the terrorists - prolonging the war and making it even more expensive and dangerous.

7)  In the western states we have oil shale and oil sands with reserves estimated to be three times the reserves of the total middle east countries.  Even though technology exists right now that could extract this oil in an environmentally safe manner, Congress is not allowing us to do so.

8)  Congress is posturing once again for "windfall profits" taxes.  Let's think about this.  If you tax something, you get less of it.  If we tax oil more, is it going to get cheaper?  DUH.

And now, some are actually calling for the nationalization of the refineries!  Of course, they know better than to call it that.  They call it "ownership by the American people".  Remember, this is the same government that so well handles the problems of Social Security, health care, Medicare, entitlements, immigration and the Katrina flood...

How well does nationalization of industries work for the people?  Why don't we ask the citizens of Cuba, Venezuela and Russia how much benefit they got from the government's confiscation of assets from their rightful owners?  In Cuba, drivers are holding their 1952 Chevrolets and Fords together with baling wire and duct tape. 

Alternate energy solutions are all very well, but at the moment they're a drop in the bucket.  The public doesn't have any concept of the huge amounts of oil needed to keep our economy running.  Who can visualize 85 million barrels a day?

Just the statement by the U.S. that we were serious about recovering our own resources, would immediately drive down the price of oil.   Speculators have been bidding the world price up due to fears of shortages.

We haven't seen the worst of this yet.  If we don't start responsibly developing our own vast proven oil and shale reserves, our economy is going to come to a grinding halt like we haven't seen since the Great Depression...

As of today, over 1,000,000 people have signed Newt Gingrich's American Solutions Petition:  Drill Here, Drill Now, Save Money!

©BrianSchulman2008

Brian Schulman offers expert real estate representation for buyers and sellers of homes in Lancaster County, PA.  To learn more, visit http://www.FindLancasterHomes.com/

 

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Comment balloon 48 commentsBrian Schulman • June 20 2008 05:21PM

Comments

Very disconcerting. Will we lose our world status and security because a bunch of politicians and treehuggers and oil companies...well I better stop lest I say what I really think!

Posted by Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC, ... a small office, delivering big service! (Waters Realty of Brevard, LLC) over 9 years ago

Gary, we're already well on our way to losing our predominance in the world.  The oil companies aren't the villians here - they have to buy crude oil on the world market to refine like everyone else.  As Pogo said, "We have seen the enemy - and it is US."

If Bill Clinton had signed the bill in 1995 that would have allowed drilling in Anwar, we would have a million more barrels per day of crude oil right now.  The argument that it will take too much time to get results is ridiculous.  If we don't start now, how much worse is it going to get?

The U.S. has more oil trapped in shale and oil sands than the entire Middle East.  Meanwhile we borrow money from countries that don't like us, to buy oil from countries that wink their eyes at terrorism against us. 

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 9 years ago

I think it's amazing that here we are in 2008 and our only domestic source of crude comes from the gulf of Mexico. I for one am pissed at seeing the price of oil go up daily. It's insane.I recently did some EIFS work for a gentleman that happens to own 11 BP gas stations and he is hardly hurting for cash, as a matter of fact he is closer to filthy rich.

Posted by Ed Santana, Modern Wall Systems, EIFS Wall Systems Specialist (Modern Wall Systems) over 9 years ago

I want everyone who fights our energy independence to ride a bicycle to work every day for a year.  All I can say is, if there is any justice, the American electorate will wake up and realize the we are on the brink of not only losing our preeminance as a world power but our security as well. 

Posted by Lenn Harley, Real Estate Broker - Virginia & Maryland (Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate) over 9 years ago

Rob, I agree, there are many domestic sources of crude that we could develop beside the Gulf of Mexico.  Although it isn't the only source of our domestic crude.

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 9 years ago

Lenn, if we all ride bicycles, we'll look like China in the 20th century - while at the same time China will be driving more autos than us in the 21st century!

You're absolutely right, this is a national security problem.  I do believe the American people are finally catching on, though.  Over one million people have already signed the Drill Now, Drill Here, Save Money petition.  61% of the American people now agree with drilling on the OCS and ANWAR.

And it only took $4.00 gasoline to wake us up...

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 9 years ago

Call me a Pollyanna but I can't help but think that there could also be a solution in alternative energy technology. I also think that nuclear needs to be revisited...why does there have to be one solution. Doesn't relying on one thing continue to keep us vulnerable? A lack of competition will do that!

Posted by Joan Mirantz, Realtor, GRI, CBR, SRES - Concord New Hampshire (Homequest Real Estate) over 9 years ago

Joan, hey I'm all for alternative, heck if they (the powers that be) can develope a way for my car to run on potatoes I'm all for it. Nuclear?...Bring it on; I want to fuel up once every five years, you know like the carriers? Something has to give. Canada is our prime source then Saudi Arabia and then Mexico. Hhhhelllooo? If Canada and Mexico both have the resources to supply us lowly Americans, isn't it time we find an alternative? Either by drilling or science?

I kind of like the bicycle idea.

Posted by Ed Santana, Modern Wall Systems, EIFS Wall Systems Specialist (Modern Wall Systems) over 9 years ago

I laugh every time someone recommends bicycles over autos.  The cost per rider per mile for bike paths was computed at about $25 per mile per rider per day.  One 4 mile bike path in our area was constructed at a cost of $2.3 Million. 

Unfortunately, the riders had to drive to the parking lot in their autos to access the bike path.  When they got to the end of the bike path, they either took the bridge to DC or turned around and rode back to their autos. 

Most of these bike paths installed at very high costs are for recreation, not commuting. 

Most working folk only have so many waking hours in a day.  To spend the time to bike to work is a dream out of La-La Land. 

 

 

 

Posted by Lenn Harley, Real Estate Broker - Virginia & Maryland (Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate) over 9 years ago

Joan - or should I say Pollyanna. I do agree, there needs to be anamalgam of solutions. We are currently a petroleum based economy. We can't turn that battleship quickly. it will take 10 - 20 years, at a minimum to get infrastructure in place for alternative sources, even once the sources are developed and cost effective.

Even JC Bell's solution, if demonstrated economically viable and supportable, will take some time to make an impact.

Posted by Mike Saunders (Lanier Partners) over 9 years ago

Most ideas that libs have are nothing but fancy dreams. Some sound great until put into practice.

Posted by Kevin Robinson, Fractional Developer over 9 years ago

Joan, I totally agree.  Solving our energy problems will take a combination of much more nuclear power (and other sources of power.)  We absolutely shouldn't rely on just one thing.

For the moment, we need to leave all the solutions on the table, including finding more domestic oil.

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 9 years ago

Rob, good response - if Canada and Mexico can export oil, and we have decades of oil reserves (and [probably centuries worth of coal) - why are we sending all our money out of the country?

P.S. - if someone invents a car that  can run economically on potatoes, I'm all fot that, too!  Cars have already been developed that can run on cooking oil - in fact, cooking oil is being stolen from restaurants, for fuel!  The say that the exhaust from these cars smells like pop corn...

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 9 years ago

Lenn, I've never seen an economic analysis of the cost of bike paths, but your  explanation makes sense.  In any case, in our widely sprawled-out country, only people who live near their work could take bikes, and only in good weather, and only those in good shape.  What small percentage of total commuting is that?

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 9 years ago

Mike, people don't realize how long it will take to replace oil as the engine of our economy, or "turn around the battleship" as you put it.  In any case, with cleaner and cleaner technologies, I don't see any great reason why oil shouldn't continue to be a major contributor to our energy pool, along with other present and future alternatives.

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 9 years ago

Kevin, the liberal mind-set seems be on getting along with less.  If our hands were not tied behind our backs by governmental over-regulation, we could still maintain our standard of living, yet in a cleaner and more efficient manner.

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 9 years ago

Sure Al Gore is using more energy now on his home, than he did last year. Thats setting the example on conservation.

Posted by Broker Nick, Broker Nick Relocation Broker Service (South Florida Real Estate & Development, Inc.) over 9 years ago

Brian, #3, that China is drilling in the Gulf is a hoax, a rumor that's proven to be false. If we would have drillied in Anwar and these other areas I'm sure it would have helped the price some, but China and India are still developing and demand is growing world wide. Prices might be lower but they would still be increasing and we would still feel the pinch, even if the cost per gallon was less. Where I think we have been really short sighted is in not moving toward fuel conservation in the last 20 years. The fuel shortages in the late 70s should have been a wake up call, but as soon as gas prices dipped we went right back to our old habits and big cars. We've built our whole economy on cheap gas and many experts are saying we are at or nearing peak oil. Drilling in these areas will give us a short term bump, but we still have a long term problem.

Posted by Peter Thompson, Chicago Mortgage Insight over 9 years ago

Peter~ Please get your fax straight before commenting. The national energy board says we hve 120,000,000,000 barrels of untapped oil in America alone. That will onsiderably help the shortage and cut our dependancy on foreign oil in half. There has been little exploration because of the stranglehold of the enviornmentalist on Congress and now the American people are demanding that Congress act now. We will stop being fed the lies of the tree huggers and the Al Gore's of the enviornmental left who are demonstrating how to make money off of the propaganda machine of the left.

Posted by Broker Nick, Broker Nick Relocation Broker Service (South Florida Real Estate & Development, Inc.) over 9 years ago

Peter - what is false about the statement that Brian has made? He is accurate. China and Cuba have signed a pact for exploration and exploitation of oil reserves off the cost of Cuba. Canada & Spain have also signed agreements.

I agree that America failed to heed the warnings of the 70's, especially the American government that place price controls and windfall profits on oil companies in the 80's and 90's that encouraged the importation of foreign oil. Those price controls were partially responsible for the so called fuel shortages and subsequent rise in gasoline prices in the U.S. Now drilling and exploration controls have contributed significantly to the price at the pump today.

Additional drilling and exploration might not bring down the price of today's fuel by much (some estimates as low as 3 cents a gallon) but, it very well might keep the price from doubling. We cannot keep the economy running, therefore affording the development of new technology if we don't keep fuel available.

Posted by Mike Saunders (Lanier Partners) over 9 years ago

Socialism is alive and well in American politics diguised as liberalim. Thanks to the slip od Maxine Waters of California, she let it be known to all that is their agenda for America.

Posted by Broker Nick, Broker Nick Relocation Broker Service (South Florida Real Estate & Development, Inc.) over 9 years ago

Nicholas, here are the "fax" - from Time Magazine, admittedly part of the main stream media -http://www.time.com/time/business/article/0,8599,1815884,00.html

Even if tomorrow we opened up every square mile of the outer continental shelf to offshore rigs, even if we drilled the entire state of Alaska and pulled new refineries out of thin air, the impact on gas prices would be minimal and delayed at best. A 2004 study by the government's Energy Information Administration (EIA) found that drilling in ANWR would trim the price of gas by 3.5 cents a gallon by 2027. (If oil prices continue to skyrocket, the savings would be greater, but not by much.) Opening up offshore areas to oil exploration - currently all coastal areas save a section of the Gulf of Mexico are off-limits, thanks to a congressional ban enacted in 1982 and supplemented by an executive order from the first President Bush - might cut the price of gas by 3 to 4 cents a gallon at most, according to the Natural Resources Defense Council. And the relief at the pump, such as it is, wouldn't be immediate - it would take several years, at least, for the oil to begin to flow, which is time enough for increased demand from China, India and the rest of the world to outpace those relatively meager savings. "Right now the price of oil is set on the global market," says Kevin Lindemer, executive managing director of the energy markets group for the research firm Global Insight. President Bush's move "would not have an impact."

The reason is simple: the U.S. has an estimated 3% of global petroleum reserves but consumes 24% of the world's oil. Offshore territories and public lands like ANWR that don't allow drilling may contain up to 75 billion barrels of oil, according to the EIA. That may sound like a lot, but it's not enough to make a significant difference in a world where global oil demand is expected to rise 30% by 2030, to nearly 120 million barrels a day. At best, greatly expanding domestic drilling might eventually lower the proportion of oil the U.S. imports - currently about 60% of its total supply - but petroleum is a global commodity, and the world market would soak up any additional American production. "This is a drop in the bucket," says Gernot Wagner, an economist with the Environmental Defense Fund.

 Mike - http://ADN/oil/story/43045.html

Mel Martinez, the Republican Senator from FL says this is an urban ledgend, and no one has ever come up with any proof of this.

So much of what we believe is based on where we get our information. If you are getting your info from talk radio and Fox news, you might not be getting the full story.

Posted by Peter Thompson, Chicago Mortgage Insight over 9 years ago

Peter - you provide a broken link, as for Mel, he states clearly that Chinese drilling is the urban legend, not the agreement. Although I have seen and Achorage Daily News article on Martinez.

The NY Times, CNN, St Petersburg Times and many other news agencies have reported, since late 2005, the agreements between China & Cuba.

Again, it takes time to get drilling after the leases are let.

Brian clearly did not reference drilling but the agreement between Cuba and China. I notice Mel and the rest are careful not to allude to any agreements, just to the evidence that no drilling is taking place today.

Mel needs to get his head out the sand. And so do the rest who continue to look the other way and hope for a miracle and blame the oil companies when it doesn't happen.

 

Posted by Mike Saunders (Lanier Partners) over 9 years ago

Hey Brian

Just today a poll said 70% of Americans say "Get to Drilling Now!"  Once their pocketbooks dry up the remainder of the naysayers will value their lifstyle over political manipulations.

Posted by Trey Thurmond, College Station , Texas Homes (BCR Realtors) over 9 years ago

Enough with the puffing up, everyone!  Nationalization will not occur.  Jeez!

Posted by Tchaka Owen (Galleria International Realty) over 9 years ago

I say President Bush shopuld declare a state of national emergency and order the drilling of ANWAR. If we wait for congress we will all have to learn chinese.

Posted by Hugh Krone, Realtor, Sussex County NJ (Weichert Referral Associates) over 9 years ago

Either that or Russian.

Posted by Ed Santana, Modern Wall Systems, EIFS Wall Systems Specialist (Modern Wall Systems) over 9 years ago

Loess тахес, the sea фреедом, гас прицес аре ридицулоус but маттер вхат политицал аффилиатион ёу аре.

:-)

Posted by Jason Sardi, Your Agent for Life (Auto & Home & Life Insurance throughout North Carolina) over 9 years ago

Jason ~ Very good, after Obama you would need to learn russian former communist countries. Obama is a marxist and now the Maxine Waters are calling for socialist agenda nationalizing oil companies.

Posted by Broker Nick, Broker Nick Relocation Broker Service (South Florida Real Estate & Development, Inc.) over 9 years ago

Nicholas, from what I read, Al Gore's home uses 20 times the electricity of the average American home.  And since he promised to do an energy audit, his use actually increased 10%!

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 9 years ago

Peter, I didn't claim that China was drilling in the Gulf.  China has purchased drilling rights from Cuba, in a location that American companies are forbidden to explore.

The fuel shortages in the 1970s were not caused by a lack of supply.  OPEC, the cartel or oil producing middle east nations, was formed and unilaterally raised their prices from $2. per barrel to $10. per barrel (doesn't that sound incredible now?) 

In response, Jimmy Carter, inept as always, instead of encouraging domestic production, installed price controls.  At the controlled prices, domestic oil companies could not afford expanded exploration, and many small-owner "wildcat" oil wells were forced to shut down.  THAT'S what caused the gasoline shortages, the long lines at gas stations, and the infamous "odd and even" days of being able to get gas only on alternate days, depending on what number your license plate ended with.

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 9 years ago

Mike, you are absolutely right that China has signed an agreement with Cuba, which U.S companies would have been prohibited by Congress from doing.

Peter is also wrong in his assertion that if we developed every inch of proven resources, it would only lower the price of gasoline a few cents.  Just the announcement that the United States was finally serious about achieving energy independence would cause a crash in the price of oil, which is presently elevated by commodities traders worried about future shortages.

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 9 years ago

Nicholas, Socialism is indeed unfortunately alive and well in our country.  When government takeover of any private enterprise is considered, that's the very definition of Socialism.

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 9 years ago

Peter, you are wrong about the U.S. using 24% of the world's oil.  Even if that figure was once true, it was way before China and India began expanding their economies.

In any case, I would argue with the very implication that there is something immoral about using energy.  Since World War II, the United States led the world recovery, achieved a standard of living never before seen, and rebuilt Europe - all based on an engine of free enterprise and cheap oil for energy.

Free enterprise found the energy with no help from the government, and used it to better heat our homes and power our ever more sophisticated cars.  Free enterprise will also find ways to make our homes and cars more efficient - because the free market responds to market conditions more efficiently than any inflexible government solution.

Making our economy less polluting is also occurring on its own, because efficient systems are cleaner and use fewer resources, hence saving consumers money.

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 9 years ago

Brian ~ That is the definition of Communism.

Posted by Broker Nick, Broker Nick Relocation Broker Service (South Florida Real Estate & Development, Inc.) over 9 years ago

Trey, the American people have been slow to understand the ramifications of tying our hands on developing our own energy resources, but $4.00 gasoline in finally waking them up!

 

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 9 years ago

Tchaka, the call for nationalization by someone as important as a Congressman is something to be very concerned about.  At least two congresspersons have made such statements.  We have ignored common sense solutions at our own peril for thirty years.  A congressperson represents thousands of constituents.  The public needs to be educated about the real world  energy situation, or ignorant calls like this will become more prevalent and dangerous - not only for our national security but for our individual freedoms.

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 9 years ago

Hugh, President Bush did indeed call for drilling in the OCS and ANWAR, but he is is late and weak.  A national emergency is already occurring, and should be addressed as such.

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 9 years ago

Rob, I'm too old to have to learn Chinese!

Jason - or Russian!

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 9 years ago

No Brian, it's not anything for me, you or anyone else to worry about.  Our Congress is made up of people with varying viewpoints and I've heard MUCH crazier ideas.  Suggesting that our country go to war in Iraq is a far greater crime than someone suggesting nationalization of the oil industry.  And there are many more we can bring up  The bottom line is that it won't happen and you and everyone else whining about it is a time-waste.  When 218 Congressmen call for nationalization, then I'll worry.  Let's focus on real things.

Posted by Tchaka Owen (Galleria International Realty) over 9 years ago

Tchaka, I'm not "whining", and I haven't heard whining from anyone else on this post.  Quite frankly, I think it has been an excellent discussion, with thoughtful comments on both sides.  This topic concerns national security, free market solutions, and individual property rights.  I don't know what could be more important.

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 9 years ago

Lets all just sign the petition at www.americansolutions.com. Drill here, drill now, pay less.

Posted by Kevin Robinson, Fractional Developer over 9 years ago

Kevin, thanks for posting the link again (I put it up on this post as well).  Over one million citizens have signed the petition.  Let's make our voices heard!

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 9 years ago

Then allow me to apologize.  I've read various bits on this subject and and seen some whining.  I can tell you what's more important:  a subject that has a component of 'reality' to it.  This isn't one of them.  With the gas 'crisis' people are scratching every post trying to find solutions and ideas come out that aren't solutions.  The idea of nationalizing oil is one of them.  When I hear that I move it into my 'delete folder'.  The US is a free market country and that's not going to change.  Because we are (thankfully) a nation of free thought as well, people are able to mention nationalization.  That's wonderful that someone is able to speek their mind - but once again, it's not going to happen.

Change the subject to regulation of the oil industry and that would be a worthwhile topic.

Posted by Tchaka Owen (Galleria International Realty) over 9 years ago

Tchaka, apology accepted.  I didn't put up nationalization as the subject line of my blog because I was afraid it would actually happen.  I put it up there as an example of the lack of many peoples' understanding of how the energy economy really works.  Regulation of the domestic oil industry doesn't produce one ounce more oil - in fact just the opposite occurs, as has been demonstrated by our dependence on foreign sources.

BTW, the fact that we are a nation of free expression of our thoughts is amply demonstrated in the comments on this post!

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 9 years ago

Tchaka, What's the difference? Nationalization, regulated...either way there goes the free market.

Posted by Ed Santana, Modern Wall Systems, EIFS Wall Systems Specialist (Modern Wall Systems) over 9 years ago

Rob, the free market has proven time and time again that the wisdom of a free people, acting in their own interests, produces more efficient solutions than any possible government imposed solution.

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 9 years ago

Brian - Just to be clear, I'm not proposing regulation....I bring that up because it's a step that has higher potential than nationalization ever will.  Besides, my solution to $4 gas has to do with Wall Street.

Rob - That would be a good blog for you to research and write.

Posted by Tchaka Owen (Galleria International Realty) over 9 years ago

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