A Moderate Proposal: Nationalize the Fossil Fuel Industry
We’re facing a shale crash, a likely recession, and a surefire climate crisis. One particular policy could help solve all three problems.
Nationalization has a long and proud tradition of navigating America through times of crisis, from World War II to 9/11. No sector may be facing as profound a crisis right now as the oil and gas industry. With crashing oil prices, all manner of stimulus measures on the table, and previously tight-fisted politicians now thinking more creatively, nationalizing the fossil fuel industry might just be one of the most sensible ideas on offer.