What Would Big Oil Invest In? Written By: Miranda Marquit 2008-10-02 13:17:39 Does Big Oil see which way the wind is blowing (and where the sun is shining)?
Senate Democrats once again tried to push through a bill to create a windfall tax on Big Oil profits. And, again, it failed. In order for a debate on the bill to even be opened, 60 votes are needed. Those votes were absent, and so the windfall tax on Big Oil profits dies another day -- probably to be resurrected again in the relatively near future.