Oil Proposal The USA government starts a venture capital company by funding with 50 billion dollars.
1) It takes a lucrative oil lease and assigns it to a funded GROUP. 8 to 10 groups are created under separate management including a group to develop refineries.
2) The groups hires managers and oil people to develop leases (From All over world)
3) When it is in production group goes PUBLIC and sells stock in producing group.
4) Proceeds go into fund to create more "GROUPS" and to fund alternate energy "GROUPS". Alternate energy groups cannot be started with first round of $50 billion funding.
4) All projects are profit oriented and plan authorized for 20 years when plan expires profits go into Social Security Fund.
DISCUSSION
The reason this plan works is it doesn't depend on existing corporations with their profit conflicts. Why would an existing oil producer double capacity and thereby reduce price per barrel 50%? This would produce same profits but require huge additional risk capital.
We need to create more competition in order to create more energy.
The USA citizen gets the most return from their resources.
