Gasoline prices are through the roof and Americans are angry. Someone must be to blame and the obvious villain is "Big Oil" with its alleged ability to gouge consumers and achieve unconscionable, "windfall" profits. Congress is in a vile mood, and has dragged oil industry executives before its committees for show trials, issuing predictable threats of punishment, e.g. a "windfall profits tax." But if there is a villain in all of this, it is Congress itself.
Windfall Profits
Blame Congress for High Oil Prices
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are owned by John Donovan. There is also a Wikipedia segment.
Levy is needed on oil profit windfalls
From The Los Angeles Times: It seems quaint to think of it now, but it was only three years ago that lawmakers in Washington were debating whether to impose a windfall profits tax on the oil industry for all oil sold above $40 a barrel.
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