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Reply #6: They subsidize [View All]

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Baby Snooks Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-31-08 09:04 AM
Response to Reply #3
6. They subsidize
When you nationalize, you keep more of the profit. So you can use part of the profit you keep to subsidize the price at the pump. Which is why in countries that have nationalized their reserves you see ridiculously low prices at the pump. Indonesia was forced to pull out of OPEC and remove the subsidy. Indonesians now pay $2.80 a gallon.

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