US Politics on Sidechat | Instead of a rebate of 50% of the profits over the 2019 prices, why not just pass a law to implement price controls on the oil industry to prevent profiteering from the outset?

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Instead of a rebate of 50% of the profits over the 2019 prices, why not just pass a law to implement price controls on the oil industry to prevent profiteering from the outset?

Big Oil Windfall Tax Would Return ‘Egregious’ Iran War Profits to Struggling US Families | Common Dreams

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Anonymous 1w

Price controls would limit supply further

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Anonymous

#1 1w

Yep. Part of the reason oil prices are rising is because no one wants to insure these ships, at least for any reasonable amount

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