Absolutely no new drilling (even though EVERY other country in the world does it).
No new nuclear plants.
His answer to high gas prices is windfall profits tax. Whatever the fuck that is…sounds like something that will just result in higher prices at the pump.
….and now his most brilliant new solution to the energy problems yet!
What Is a ‘Windfall’ Profit?
August 4, 2008
The “windfall profits” tax is back, with Barack Obama stumping again to apply it to a handful of big oil companies. Which raises a few questions: What is a “windfall” profit anyway? How does it differ from your everyday, run of the mill profit? Is it some absolute number, a matter of return on equity or sales — or does it merely depend on who earns it?
Continue reading…