Maybe I did read that the wrong way but that first sentence just set the tone for the whole post imho; but either way if I mis read that then I apologize. My point with the analogy was to demonstrate one thing... where does it stop? who will the government take profits from next? that is flat out income redistribution. Politicians say "we are going to take those profits" guess what? it is not for them to take. If people want some of those profits then buy shares, no one is stopping people to do so. Heck chances are if you have some sort of diversified portfolio investments you are benefiting from those oil profits.

Look, this is just a matter of simple economics, demand and supply. Demand in India and China has sky rocketed but the production remains the same... guess what happens in such conditions? The most effective solution to bring prices down is to increase production to meet demand. OPEC doesn't want to increase production, why should they? If we unite as a country and and we tell congress to stop the bull and drill here then the pressure is on OPEC and company but Congress solution is to tax oil companies... what? how on Earth is that going to drive prices down? good thing it didn't pass.


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