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Oil Price Controls

…the case of oil the point that the oil companies capture the system and get Washington to further their interest appears to be more the case. For example, if you…

The Windfall Profits Tax Debate

…Under his plan, oil companies would have to pay a 50 percent tax on profits made when oil prices are above $40 a barrel … But crude oil prices aren’t…

Oil Prices

The price of oil is hovering around $50/barrel today, a new record in nominal terms. The chart below shows the spot price of oil over the past few years. Source:…