Quote:
Originally Posted by compelled to reply
Should we have nationalized oil instead? Just look at Mexico. Protesting doesn't solve the bigger issue that has nothing to do with the oil companies.
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You have got to be kidding me.
Pemex uses taxpayers money to function and they function very inefficently to the point Mexico is talking of privatizing part of it.
Pemex could be way more efficent if it was privatized, even if part of it was.
Mexico has cheaper fuel because they implement cost control, subsidized by taxpayers which in turn, because of government interference on all levels of the economy, keeps the country forever poor, hence why so many flock up here for work.
Mexico has created a very stark rich/poor divide which is the same result with all socialist economies.
Why is it people still to this day think the governemnt is the answer to everything?
If you don't like the oil companies and the product they deliver, then don't buy from them then.
By the way, mexico supplies us oil at guess what price? The world market price.
Pemex is so screwed up from years of mismanagment it will take millions to even get them up to the standard of the private oil companies in terms of efficency.
Exxon is one of the world's smallest oil companies, they provide 3% of the world's oil supply, hardly a factor in the world oil market. Considering they are making a 7% profit margin, I would hardly call that a huge margin.