Tax oil profits? Not so fast
With all the money Big Oil is making — the top five pocketed more than $120 billion in 2007 — and with an election on the horizon, it’s easy to see why politicians are eyeing oil profits. But analysts tell Money.com that going after oil profits could backfire on consumers.
http://money.cnn.com/2008/05/06/news/economy/oil_profits_tax/index.htm?postversion=2008050612″ rel=”dc:source” property=”dc:title