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Just 47% Oppose Nationalizing Oil Industry
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A Rasmussen Reports national telephone survey found that 29% of voters favor nationalizing the oil industry. Just 47% are opposed and 24% are not sure.

The survey found that a plurality of Democrats (37%) believe the oil industry should be nationalized. Just 32% of voters in Barack Obama’s party disagree with that approach. Republicans oppose nationalizing the oil industry by a 66% to 16% margin. Unaffiliated voters are opposed by a 47% to 33% margin.

Nationalization is the process by which the government assumes complete control of a private industry and its assets. It has been a common practice in totalitarian dictatorships, but as recently as 2001 following the 9/11 attacks, the U.S. government nationalized the private airport security industry and moved it under the Transportation Security Administration.

Forty-seven percent (47%) of all voters say that private companies are more likely to solve the nation’s energy problems than a government research program. Thirty percent (30%) disagree and say the government research program is more likely to find the solution. Again, there is a huge partisan divide. Republicans, by a 71% to 15% margin, say private companies are likely to solve the problem. Democrats, by a 40% to 35% margin, say government research programs are the better bet. A modest plurality of unaffiliated voters place their trust the private company approach.

Ideologically, 43% of liberal voters say the government research program is more likely to solve the problem while 31% take the opposite view. Conservatives, by a 68% to 17% margin, say private companies will find the answer. Political moderates are evenly divided.

Just 52% of American voters believe that an oil company should be allowed to keep profits from any alternative energy source it discovers. Twenty-nine percent (29%) say the company should not be allowed to keep such profits while 19% are not sure. Democrats are evenly divided on the question. Republicans by a 4-to-1 margin, and unaffiliated voters by a 2-to-1 margin, say that the companies should be allowed to profit from discoveries that reduce the price of gas and other energy sources.

Thirty-six percent (36%) of voters say that passage of a windfall profits tax on oil companies would lead to higher gas prices. Thirty percent (30%) believe prices would remain about the same and 15% believe a windfall profits tax would lead to lower gas prices. Most liberal say that gas prices would be unchanged or drop.

Seventy-six percent (76%) say that development of new energy sources would do more than higher fuel efficiency standards to bring gas prices down--and keep them down. Just 14% believe higher fuel efficiency standards would be more effective.

Earlier surveys have found that higher gas prices have had a big lifestyle impact on half of all Americans. The number of Americans taking a summer vacation is down sharply this year. Seventy-one percent (71%) expect gas prices to reach $5 a gallon this summer.

Tomorrow (Tuesday), Rasmussen Reports will release new polling data on other energy related topics.

See survey questions and toplines. Crosstabs are available for Premium Members only.

Rasmussen Reports is an electronic publishing firm specializing in the collection, publication, and distribution of public opinion polling information.

The Rasmussen Reports ElectionEdge™ Premium Service for Election 2008 offers the most comprehensive public opinion coverage ever provided for a Presidential election.

Scott Rasmussen, president of Rasmussen Reports, has been an independent pollster for more than a decade.

Survey of 1,000 Adults
June 14, 2008

Should the government nationalize all the oil companies and run them on a non-profit basis?

Yes

29%

No

47%

Not Sure

24%

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