Congressmen Talk Up Oil Windfall-Profits Tax

“Many oil companies have seen their rigs get battered in the Gulf of Mexico this hurricane season. But now, the companies are facing a new kind of storm, as Congress wants to show constituents it is concerned about oil companies reporting record profits. hellip;Some in Congress are urging the oil companies to reinvest their profits in new US refineries and energy sources. But some Democrats are also proposing windfall profits taxes, which would make the companies either spend their money on new energy projects or send it to the US Treasury.” (Christian Science Monitor, Thursday)

Will they never learn?

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“The Invisible Hand, 1980″ by William H. Peterson