Oil Companies

Congress has been proposing a Windfall Tax (More Tax on Oil Profits), and Clinton & Obama have been trying to go after "these oil companies" via taxing. Obama has claimed that he's going to tax companies that have their headquarter overseas, but do majority of their businesses here. Clinton wants to go after those "capitalistic pig oil companies" by placing more taxes on them as well. Let's see. If you tax the oil companies & other behemoth corporations more, what will these corporations do? The CEO, who always has his ass on the line, will simply do what's good for him and the company. (1) After these increased taxes, he will lay people off. (2) Higher taxes will cause less investment in exploration & efficiency, which thus, in turn will raise prices (less supply= higher prices at the pump). Plus, the people they're trying to help will be screwed even more. It's interesting to note how these guys don't mention the facts why oil prices are going up: (1) weakening dollar (due to the low interest rates and deficit), (2) India & China beginning to buy more oil, (3) Iraq War, (4) the failure to dig up for more oil reserves (which McCain is at fault as well). Its simply economics, which the public doesn't understand.