https://www.theguardian.com/commentisfree/2022/mar/20/big-oil-gas-prices-windfall-tax-russia-ukraine
Showing posts with label windfall tax. Show all posts
Showing posts with label windfall tax. Show all posts
Monday, March 21, 2022
Big oil could bring US gas prices down but won’t – so hit it with a windfall tax
…Big oil companies could absorb the higher costs of crude oil. The reason they're not is because they're so big they don't have to. They don't worry about losing market share to competitors. So they're passing on the higher costs to consumers in the form of higher prices, and pocketing record profits…
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