PA12DRVR wrote:
If one expects the government (which cannot create any wealth) to limit the profits of the oil companies (or any other industry) does one then support the logical corollary that the government should limit losses?
When an "unused oil lease" takes a series of $100,000,000 drilled wells to determine if there is viable production potential, and the risk is entirely on the operator if those wells are dry, it's hard to justify the government deciding what an appropriate profit level is.
Do I understand this right? We can't limit the chance for profit for investors, even short term? Even if we limit that profit at historically high levels? But it is fine to charge working people unlimited amount for what for most is a necessity?
any posable government action that might benefit people that work for money, instead of people who's money works for them must be called evil.