Trading Big Oil for... Big Corn?
Via QandO, Nancy Pelosi said this:
"It is important to our children's health and their global competitiveness to rid this nation of our dependence on foreign oil and Big Oil interests"
So Nancy Pelosi wishes to rid the nation of American oil companies. Hoping that this country has come too far to consider something so insane as nationalization, this presumably means replacing oil with some other substitute. But since energy consumption still will be huge in the future, presumably we are just replacing big oil with big ... something else. I would never say that oil companies are completely free of rent-seeking impulses, but they are paragons of free market reason compared to companies like ADM, aka big Ethanol, whom Pelosi is likely to favor.
