Remember the original title of the book was “The Strike”. As usual Kate says it best – I wish I owned all the oil companies in the world. I’d go on TV tomorrow to announce my retirement;
Dems propose ‘Reasonable Profits Board’ to regulate oil company profits – The Hill’s Floor Action.
Six House Democrats, led by Rep. Dennis Kucinich (D-Ohio), want to set up a “Reasonable Profits Board” to control gas profits.
The Democrats, worried about higher gas prices, want to set up a board that would apply a “windfall profit tax” as high as 100 percent on the sale of oil and gas, according to their legislation. The bill provides no specific guidance for how the board would determine what constitutes a reasonable profit.
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