This is a great opinion piece in the Wall Street Journal. Everyone should be very afraid when politicians say they are going to do something about high gasoline prices. That something will most likely result in more costly energy.
Windfall Profits for Dummies
If you want to tax windfall profits, look at Google. It is 4-5 times more profitable on every dollar of revenue than the BIG OIL companies.
This rhetoric is really about fanning the flames discontent of a public that does not know how bad things could get. You think $3.50 is bad, try $5-6. That could easily happen with B Hussein or Billary's energy policy. Of course they will place more blame on the oil companies and take no responsibility for the roll they played.
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