Tag: Windfall Profits Tax

On this episode of The Unregulated Podcast Tom Pyle and Mike McKenna discuss the final stories shaping the upcoming midterm elections. Links: The Crude Oil Windfall Profit Tax of the 1980s: Implications for Current Energy Policy A Windfall Profits Tax: Energy Policy for Dummies Eversource CEO seeks emergency order by Biden to ensure gas supplies […]

The Energy Information Administration indicates that U.S. oil production is nearing pre-pandemic levels, but President Biden wants to ruin that by placing a “windfall profits” tax on oil company profits. “Their profits are a windfall of war,” Mr. Biden said, referring to the Russian invasion of Ukraine as the reason for high prices for oil […]