Getting. Dumber. All. The .Time.

Blog Brother AlexC is flying (one of them newfangled Wye-Fye planes, I guess) and sends a link to MyDD:

Make it against the law for oil companies to pass the price of the windfall profits tax on to consumers, and then audit the oil companies' books. It is not a difficult accounting exercise to tax excess profits above a certain gross percentage per barrel of oil, or gallon of gas. Every major oil company has sophisticated profit segmentation reports that go to the very senior management of the company. These reports identify revenues, costs and profit at each level of the vertically integrated operation, broken down on a per barrel basis by product type, marketing region, you name it.

And if they pass along the cost of this tax, we'll...

Oil and Energy Posted by jk at May 6, 2008 2:56 PM