A repository for Marcospinelli's comments and essays published at other websites.

Market Speculators and the Real Cost of Oil

Wednesday, March 16, 2011


Obama campaigned on promising to impose 'Windfall Profits Taxes on the Oil & Gas Industry".  

It was the first promise he broken after he was elected, saying, "The prices have now dropped - We'll see about doing that if or when they rise again."

Oil hit over $80/barrel (the amount that, had Obama kept his promise, the windfall profits tax would have been triggered) months and months and months ago.
Read the Article at HuffingtonPost

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