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Oil Windfall

Obama Struggles To Explain Drop of Windfall Profits Tax for Oil and Gas Industry

Lloyd Chapman | Posted 05.25.2011 | Politics
Lloyd Chapman

The Obama camp's explanation as to why the windfall profits tax has been dropped is inconsistent with the facts and the actual series of events.

Ferraris Not Good Enough Anymore: Oil Profits Inspire "Conspicuous Consumption"

Wall Street Journal | Margaret Coker | Posted 05.25.2011 | Business

ABU DHABI, United Arab Emirates -- With oil near record highs, the Persian Gulf is awash in cash, stimulating a return to some very conspicuous consum...