Windfall Tax on Oil Profits

Irony is when Trump, in attacking Iran and compromising worldwide oil transport, ends up doing more to push the planet towards renewables than if he had kept the US in the Paris Agreement.

We’re falling behind Donnie. In 10 years the demand for oil will just be in the US.

A car manufacturer is reporting a “seismic uptick” in demand for electric vehicles (EVs) amid the surge in fuel prices caused by the Iran oil crisis

🚨𝗝𝗨𝗦𝗧 𝗜𝗡: 🇺🇸 U.S. #oil and fuel exports rose above 14 million barrels per day for the first time on record. The Strategic Petroleum Reserve (SPR) declined by 7.12 million barrels last week, marking the biggest weekly drawdown since October 2022. Global demand for #U.S. oil is at an all-time high

The irony, with Trump/GOP support for big oil:

And this is the problem - why would oil companies increase production when Trump claims he's "won" and that the crisis will be over in a matter of weeks - we should be concerned when they DO make new real $$ investment in increasing production in the US

U.S. Supply Chain: High Fuel Costs Disrupts Supply Chain Driving Up Costs! Americans will pay significantly more for everything due to high fuel costs from war in Iran! “Soaring gas prices and disrupted supply chains will increase costs in every store, economic sector” tinyurl.com/zjvux8nz

Grocery Price Shocks! Smart Experts & Analyst Call For Possible Price Shocks In U.S. Groceries For Most Americans! “The rise in oil prices from the conflict in Iran is likely to trigger a shock to grocery prices later this year, researchers at Purdue University said.” tinyurl.com/4wnspx57

Folks, it's a SURPRISE Exxon mega profit. Nobody could've seen the payoff from the $1 billion Trump campaign bribe

2026-05-01 18:32:30 - ExxonMobil and Chevron have refused to bow to pressure from Trump to boost oil production.

Oil companies are making a killing right now with the high price of oil. We need a windfall tax on these greedy companies to support the American consumer. As a senator, I would introduce such a bill.

Germany’s response to the latest oil shock is a warning to all of us. Instead of accelerating renewables to escape fossil fuel chaos, parts of its government are doubling down on gas & cutting green support. Wars disrupt oil. Wind & solar don’t suddenly get expensive because tankers are threatened.

Germany cuts fuel tax temporarily The German government will cut the mineral oil tax on petrol and diesel nationwide starting May 1 for two months to lower prices at the pump. With posts by 🎓Christopher Wright, 🎓Charles W. Smith, 🎓Margot C. Finn +5 more scholars.

EU greenlights 70% energy subsidies The European Commission allowed EU governments to temporarily relax state-aid rules so they could subsidize firms' energy and fuel costs amid the Iran war, up to 70%. With posts by 🎓Brigid Laffan, 🎓Eva Thomann, 🎓Lindsay M. Tedds +3 more scholars.

Climate groups demand windfall taxes Analysts said the Middle East oil and gas crunch could impose up to $1 trillion in added global costs while major oil companies recorded huge profits, and climate groups urged windfall taxes. With posts by 🎓Richard S.J. Tol +47 more scholars.

Oil profits prompt tax calls Analysis said Middle East oil and gas crunch could cost the global economy up to $1 trillion while major oil firms posted record profits, prompting calls for a windfall tax. With posts by 🎓Richard S.J. Tol, 🎓Robert N. Stavins, 🎓Geoffrey M. Hodgson +33 more scholars.