Oil profits to be punished

National Review Online - Carter-era gas lines

Americans prove they can organize according to socialistic principles (circa Jimmy Carter administration)

On reports of record oil company profits this quarter both Democrat presidential hopefuls Barack Obama and HIllary Clinton reiterated their policies to punish the American people for investing so wisely.  Their plan is first to force the oil price itself higher by limiting supply, exploration and refining possibilities, then to attack at the consumer end by imposing a “windfall profits” tax on the producers to be passed down and added to the purchase price.  Together, these two controls should bring profits down, increase dependence on foreign oil sources, and tank the retirement funds of many millions of Americans, not to mention increase the price at the pump and/or create shortages.  Liberal Democrats are reportedly excited about the prospect of reviving Jimmy Carter era gas lines as examples of American organization skill.


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