© 2026 Western New York Public Broadcasting Association

140 Lower Terrace St.
Buffalo, NY 14202

Toronto Address:
130 Queens Quay E.
Suite 903
Toronto, ON M5A 0P6


Mailing Address:
Horizons Plaza P.O. Box 1263
Buffalo, NY 14240-1263

Buffalo Toronto Public Media | Phone 716-845-7000
BTPM NPR Newsroom | Phone: 716-845-7040
Differing shades of blue wavering throughout the image
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Taxing Gas Profits Would Stress Industry Cycles

The idea of a special tax for the oil industry's windfall profits has gained more support recently. Commentator Benjamin Zycher says that the oil companies should not be penalized because oil profits are up.

From 1986 to 1999, when market conditions were weak and oil prices were low, no one advocated a windfall loss subsidy. In fact, economists say, businesses survive because they weather the ups and downs of a market.

Copyright 2022 NPR. To see more, visit https://www.npr.org.