There is no doubt it is hard to feel sorry for Big Oil. It pulls in billions of dollars in profits whenever oil prices go up, and yet higher oil prices result in higher petrol prices for the public. So whenever these companies are doing well, the public is doing worse. And that, inevitably, leads to talk about punitive taxes (or at least a loss of tax breaks) for the oil industry.
http://link.ft.com/r/DHGUVV/4085QF/FXWIVG/5CH8VF/HD59MR/W1/h?a1=2011&a2=5&a3=13 |
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