Hillary Proposes to Confiscate Oil Profits

Yeah, that's a great idea - go ahead and wipe out $440 billion dollars (Exxon) of investors' money. Of course they have to impoverish the shareholders of Chevron, Shell, and all of the other oil service companies all over the globe too. Apparently no pension funds, widows, or orphans own the stock of oil companies. The total market cap of oil names is over $1 trillion. Do you think they are all owned by old white men in Texas?

If so, turn your speakers on and click here.

Here's exactly what would happen in the face of profit confiscation - even if euphemized as "windfall taxation". Not only would investors lose multiples of the money they lost on Enron, oil and gasoline would skyrocket in price. Food, heat, air conditioning and every other consumer expense would inflate. Home prices would deflate; jobs would be lost. What an orgy of prosperity to look forward to!!!

Only in a thoroughly economically illiterate nation can a would-be President trumpet such inanity.

As this news made the rounds today, oil shot up $1.70, a huge move. Just a coincidence? Maybe, maybe not.

Make no mistake - Big Government advocates want oil to skyrocket in price. They intentionally strangle the businessman, the consumer, and the student with their regulation, taxation, and de-humanization and then use the resultant popular angst to argue for more power. Their failures are always excuses for more money and larger mandates. Imagine if you told your boss that your work was sub-par because he didn't give you enough time AND was underpaying you. How would that go over?

"Energy independence"????

Everything in their larger agenda is hellbent on suffocating human independence. As I articulated in a prior post,

They believe everyone should DEPEND on the government for healthcare, housing, birth control, welfare, free lunches, disaster relief, education, retirement, etc. Yet when it comes to energy, all of a sudden they start singing paeans to SELF-SUFFICIENCY. Of course their idea of "energy independence" is based on "alternative" mythology, not on domestic oil production.

The utopists endeavor to control it all.

Please, don't be fooled.