Submitted by davetowers646 t3_zxgd97 in news
Rooooben t1_j215bja wrote
Reply to comment by jaymobe07 in Exxon sues EU in move to block new windfall tax on oil companies by davetowers646
Yeah no they can only incentivize private businesses. Biden can push them to “do the right thing”, and help out by increasing supply, but honestly we never had a supply issue to start with - we had intentional withholding of fuel to artificially push up prices. We all know that’s how gas cartels operate, it’s in the news how OPEC decides on the price of oil, and how much they will sell, controlling the price for both economic and political pressure. All we can do is try to make the market more favorable, while Congress can take action like windfall profits tax, to discourage profit-taking and encourage reinvestment.
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