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While I am not a bush cheerleader, and know nothing more on this issue that what was posted above, i offer my opinion.
It seems reasonable to state that an increse in taxes on oil companies will cause the amount they pay in taxes to increase, and to accomodate the decreased revenue stream, oil prices will rise.
My guess is that THIS is the logic that is being applied. What is so wrong with the companies earning a profit? why is profit such a bad word?
On a side note: does anyone here know what gives congress the right to investigate oil companies as they have? Its not a monopoly...where does this power of control over oil companies stem from?
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...where does this power of control over oil companies stem from?