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Congresswoman threatens to nationalize oil industry
A member of ALTADENA GROUP
CSIA Foundation

Maxine Waters (CA-D) warns Shell president in House committee hearing


In a grilling of oil executives by a House panel yesterday, Rep. Maxine Waters, D-Calif., threatened to nationalize the industry if it didn't do something about the rising prices at the pump.

A report by Fox News, captured in a clip posted on YouTube.com, showed Waters challenging the president of Shell Oil, John Hofmeister, to guarantee the prices consumers pay will go down if the oil companies are allowed to drill wherever they want off of U.S. shores. ...

You've gotta see this to believe it -- the *last* thing we need is the gov't running our oil supply:

http://wnd.com/index.php?fa=PAGE.view&pageId=65111

 

 

 
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