Tuesday's Energy Absurdity: Why Big Oil's 'Windfall Profits' Will Generate New Windfall Tax Efforts

Jan 31, 2023

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Kayla Tausche on Twitter: "The President's letter comes *after* the oil industry sent its own letter yesterday, asking for 10 specific policies - including withholding regulations that would shut certain refiners. https://t.co/Kut9QZzAy8" /

Tuesday's Energy Absurdity: Why Big Oil's 'Windfall Profits' Will Generate New Windfall Tax Efforts

[Follow me on Twitter at @EnergyAbsurdity]

The Financial Times reports that ExxonMobil recorded an all-time record high profit of $55.7 billion during the 2022 calendar year, after earning $12.75 billion in the 4th quarter. In the company’s release, Exxon…

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