“So what does Sen. Obama support in energy policy? Well, for starters, he supported the energy bill of 2005 — a grab bag of corporate favors that I opposed. And now he supports new taxes on energy producers. He wants a windfall profits tax on oil, to go along with the new taxes he also plans for coal and natural gas. If the plan sounds familiar, it’s because that was President Jimmy Carter’s big idea too — and a lot of good it did us.”
http://www.cnn.com/2008/POLITICS/06/17/mccain.energy/index.html
Does barack not understand Economics 101 because he’s a lawyer? Anyone will tell you taxing oil companies will deter oil exploration due to huge financial risks involved. Is barack going to dig & search for oil himself?