Elizabeth Warren Says the Solution to High Gas Prices Is Higher Taxes on Oil Companies
A windfall profit tax on oil companies didn't work in the 1970s and it won't work today.
A windfall profit tax on oil companies didn't work in the 1970s and it won't work today.
Plus: Misconceptions about public opinion, suit challenging D.C. therapy rules moves forward, and more...
Oil supplies were already tight before petro-state Russia invaded Ukraine.
Gasoline may reach an average of $4 per gallon.
Warren's claim that oil companies are jacking up prices to turn a bigger profit doesn't stand up to even the slightest scrutiny.
Are normal Americans worried about inflation? Jeong says nope, it's a ginned-up outrage because rich people's "parasitic assets aren’t doing as well as they’d like."
And Trump is taking full credit.
U.S. and Canada are supposed to agree to cut 5 million barrels
The governor's request comes after the release of a report finding the state's taxes and regulations explain half of the higher prices Golden State motorists pay.
Open warfare between Iran and Saudi Arabia would be far worse than this weekend's attacks.
If the president does want to lower oil prices, he could push Congress to expand domestic oil production.
Rising U.S. oil production will moderate future price increases.
Next year U.S. oil production will exceed its 1970 peak.
The petro-autocracies attempt to get more cash to buy off their restive populations will fail
Would-be oil cartelizers will fail in the long run
How low can the slide downward from the peak of the most recent commodity super-cycle go?
Never bet against human ingenuity operating in free markets.
"The pipeline would not make a meaningful long-term contribution to our economy."
Surprise: Oil production did not peak on Thanksgiving Day 2005
Economic Super-cycles and Falling Commodity Prices
Obama administration did almost nothing to lower oil and gas prices
They should probably enjoy that cheap gas while they can get it.
Take control of refinery responsible for 25 percent of domestic consumption
The country's growing needs are expected to gobble up a greater share of the supply
Celebrate your independence with a subscription to Reason magazine, your most trusted source of honest, insightful news and analysis.