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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
8 / 1995 |
Essay's paper body
Introducing a windfall tax would cause oil companies to increase the price of energy to offset the additional tax that would be imposed to maintain a healthy profits and balance sheets. With the Dow Jones approaching record highs and increasing optimism in the economy; introducing a windfall tax may have a negative effect in the overall economy and the momentum it has gained...
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“Demand for gasoline is expected to be up 1.5% [2006] this summer from a year ago. Increases in drivers' incomes are expected to help soften the blow of rising energy prices and help lead to the increase in demand†(Hagenbaugh, 2006, Driving won't be cheap this summer, but gas prices may fall as it gets hotter, ¶9)...
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