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Should President-elect Obama still consider a windfall tax on oil companies? (5 quotes)

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Yes (1 quotes)

...a windfall profits tax really is - a safety valve regulation against profiteering, and one that can raise needed revenues when profiteering occurs. If there is supposedly no profiteering occurring, then what's the supposed harm? Read the Article

Quoted by johncapello on Dec. 3rd, 2008

Are speculators influencing changes in oil prices? (6 quotes)

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No, economic principles dictate prices (3 quotes)

Just as an economic boom had driven up commodity prices for six years, the present slowdown means the world needs less oil, which is depressing prices. Read the Article

Quoted by brownlu on Nov. 21st, 2008

Will falling oil prices stimulate the US economy? (12 quotes)

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No, consumer spending won't increase (3 quotes)

More than 70% of the U.S. economy is consumer spending, and the real risk going forward is that they won't spend... Read the Article

Quoted by brownlu on Oct. 17th, 2008

What is the significance of oil in the current Georgian conflict? (4 quotes)

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The attack was intended to control a maj (2 quotes)

How soon we forget that Putin wrote his grad school thesis on the strategic importance of Russia's energy resources. ...the Georgia mess is in part due to Western over-reach and Saakashvili's hubris, but at its center is the Russian state trying to play the big card it still has Read the Article

Quoted by johncapello on Aug. 20th, 2008

Is Obama's energy plan convincing? (8 quotes)

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No, it's wrong-headed (6 quotes)

...a windfall is nothing more than a profit earned by a business that some politician dislikes. And a tax on that profit is merely a form of politically motivated expropriation. It's what politicians do in Venezuela, not in a free country. Read the Article

Quoted by johncapello on Aug. 5th, 2008

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