Why oil company profits are good

[quote=“theblue,post:8,topic:37930"”]

I don’t see why the free market capitalist system has anything to do with this really. It would be the same issues and solutions regardless of system.

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It has everything to do with it because some people in this country/government want to move away from a capitalist system and institute a “windfall profits tax”. Taxing a company because they’ve had record profits is not free market capitalism, and it is the very thing that would prevent oil companies from investing in R&D which leads to breakthroughs like this.

In that proposed system private industry would no longer push R&D, leaving the government, aka the taxpayer, to fund it. And living in NY we all know how efficiently government spends money.