COMMENTARY

Turning Boom into Bust
By Alan Caruba

If Congress imposes a windfall profits tax on the American oil industry, it will quite simply wreck the economy. Imposing a windfall profits tax will give oil companies cause to consider moving their corporate headquarters to other more congenial nations. The city of Dubai in the United Arab Emirates has been engaged in a vast office building effort, perhaps anticipating the movement of corporate headquarters. [more]