Should the U.S. put a windfall tax on oil companies' record profits?
Major oil companies are reporting soaring profits as the U.S. war with Iran drives up energy prices, according to earnings reported around August 4, 2026.
Major oil companies are reporting soaring profits as the U.S. war with Iran drives up energy prices, according to earnings reported around August 4, 2026.
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Not the role of government. High oil prices will increase incentive to go electric, solar, etc. and will eventually drive the decline of the oil industry