Windfall Profits Tax

Remember when Big Oil was making all that money? Well, not anymore.

You see when the market price of the stuff you're pumping out of the ground falls by 50%, then so too do your profits. However, what also falls is ignorant, populist mentality when the price collapses and thus demand for taxing the "windfall profits" of the "evil oil industry" collapses as well. Even if Congress were to tax the evil oil companies, what profits are they going to tax? Besides, I thought everybody was bitching about bailing out companies and industries who WEREN'T profitable. Or is it the leftist's right to be an intellectually dishonest child bitching about it being to cold and then bitching about it being too hot? Precisely, my little spoiled brat child, what would be the "optimal" temperature or level of profits for these firms and what is your logical adult rationalization for that level, or are you just whining on a whim and crying like a vapid, crabby little infant for the sake of doing so?

Regardless, the point is "big oil" doesn't control the price of oil. The world economy went into recession, demand for oil tanked, and now prices have gone down. A more classical textbook example of supply and demand in economics does not exist.

But, wait, let me guess. When oil breaks $2.50 a gallon, we're going to start complaining again, aren't we?

You want a quick question to find out whether the person you're dating has the intellectual temerity and maturity to be in a long term relationship with you, ask them who controls the price of oil.