Editorial: The antiprofit reflex

Amid all the unsound reflexes now steering the US Congress on energy, a surging revulsion toward profits must be counted among the most destructive. Do lawmakers really want to tell 21st Century Americans that prosperity is tolerable only within limits set by government?Lawmakers from both major political parties are acting out the political urge to punish oil companies for reporting high profits while prices are high for petroleum products. There has been discussion of a “windfall profit” tax. A tax bill before a House-Senate conference committee contains accounting changes designed solely to hurt major oil and gas companies. A bill likely to be introduced soon in the Senate ...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected