Maxine Waters Wants to Nationalize the Oil Industry

You can't make this stuff up. Allahpundit at Hot Air has the outrageous video where Democrat whacko Maxine Waters gets pissy with the head of Shell Oil for telling her the truth about oil prices.

John Hofmeister, president of Shell Oil, stated that he could "guarantee ever increasing prices unless demand comes down."

This is just a restatement of how supply and demand works. If everybody wants something, the price of that thing skyrockets whether you are talking about oil or Beanie Babies. Of course, we don't need Beanie Babies to get to work or get goods to stores, but demand is the only explanation for the high prices of both things. When way more people want something than the thing available, the price spikes until enough people don't want it anymore. In the case of oil, this means people quit using so much.

The outrageous part of the exchange came when Maxine Waters, in full don't-you-tell-me-I'm-the-one-in-charge mode, threatens to nationalize the oil industry, even though she can't come up with the right word for it.

"And guess what this liberal will be all about?" she snapped. "This liberal will be all about socializing--uh, uh, will be about (pause) basically taking over and the government running all of your companies."

It's bizarre to me that a Congresswoman can threaten to nationalize an industry she is angry with and it isn't hitting the news cycles. Maybe, like so many liberals, Waters agrees with Hugo Chavez. Amazing!