right now, for example, a wind-fall profits tax on the oil industry that if the real cause behind high gas prices is that companies are quote/unquote profiteers, price gouging, whatever, you want to, like, get a handle on that corporate greed and force them to lower prices. however, the last time we implemented a similar policy, windfall profits tax, it actually consumption oil production, rather. the opposite of the problem you have now. supply is constrained. if you create a new policy incentive reducing supply further, then that does the opposite what you intend. my concern is essentially on one hand denial this is a problem and on the other hand acceptance there s a problem but, like, i don t know. very unhelpful solutions that are being proposed that could have the opposite effect. all right.
As the supply, reliability, and price of energy has become a global top-of-mind issue, America needs to evaluate how it views energy security for the future transition.
Democrats’ efforts to combat inflation are stuck in limbo because of internal divisions over a range of proposals aimed at lowering the cost of gas, health care and child care.Â
The Democratic push for higher taxes on American energy producers and manufacturers will see the price of gasoline and energy increase, despite the fact that consumers are already facing record-high gas prices.