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MRP 148: We React to the Proposed Big Oil Windfall Profits Tax
Episode 148
Published 4 years, 2 months ago
Description
It's true, energy companies have been profitable lately...to the tune of an 8.3% profit in 2021. Yup, the only segment worse than energy was consumer staples with a profit margin of 6.6%. Yet here we are talking about windfall profits. In this episode we break down this proposal and how it is not only not a profits tax but will have the exact opposite effect on energy prices than what is intended.
As always, links to the references and clips mentioned in this episode can be found at mineralrightspodcast.com.