Here is why oil does not belong in the private sector, manipulation, greed, and fraud. Here’s the solution.

If Americans understood the reality about oil, price manipulation, and the mythical market, they would force politicians to do the right things.

Take oil out of corporate control.

Andrew Ross Sorkin, the host of CNBC’s Squawk Box, had a prescient, if not wholly accurate assessment about the price of oil/gasoline and the infrastructure. He appeared on Morning Joe.

“The oil companies effectively stopped investing in new drilling,” Sorkin said. “Not because they were trying to save the environment, but because the economics of drilling over the last decade, up until now was terrible.”

But Sorkin without realizing points out why something as vital as energy does not belong at the behest of the investor class, the corporatocracy.

“So I think there’s that on the other side,” Sorkin said. “I do think there’s also a reality that the investor class doesn’t necessarily want to be in the fossil fuel business. And so there is this sort of move that’s sort of almost free market ish move. And then there are political policies that are in place or want to be in place that are sort of creating enough uncertainty in that space where people are saying, do I really want to do we really want to drill more?”

How can we leave energy resources to those who first seek profit before delivering an essential product and service? And then he said the most important reason to nationalize the energy sector where we are not at the whims of the greedy parasitic class.

“I think the truth is that the reason we have the prices where we are today is we have not probably thought enough about the national security implications of what it means to take oil from Russia,” Sorkin continued. “But again, you could argue we have to move fast enough on green energy, which is to say, you know, the transition is going to be painful.”

Many in the private sector won’t innovate, develop, and produce unless they are incentivized by the government (e.g., the government primes the pharmaceutical industry and many others). The government should affect the transition to green energy as they take over the oil sector that continues to pilfer the American people. This time they should do it right. They should be considered an investor where profits commensurate with their investment are returned to the government as well as private investors.