Pressure Builds on Oil Companies - from Lawmakers, Media and Candidates

May 21st, 2008 2:00 PM

Pressure Builds on Oil Companies - from Lawmakers, Media and Candidates

Oil executives told the Senate about the same old supply and demand again on May 21. Democratic presidential candidates are pushing for a windfall profits tax. And journalists are covering it without explaining the oil market and companies existing taxes.

Econ 101: Old MacDonald Had a Subsidy
As Dr. Gary Wolfram explains, the veto-proof farm bill shows the power of politics to take and redistribute our money.

G: Wall Street Journal finds new optimism on the economy
B: CBS blames gas prices for swimming pool crisis in Louisville
U: Lauer presses Exxon CEO to justify doing business