Oil Giants Profit While Americans Struggle | Fargo News

Big oil’s cashing in like never before—$30 million an hour in windfall profits as prices soar and production costs stay flat. Inspired by the U.K. and EU’s recent windfall taxes—used to cushion families hit by energy spikes—U.S. lawmakers are pushing a similar plan: tax half the excess profits, rebate the money to low-income Americans. Oil giants warn it could chill investment and recall past tax messes, but supporters say this time it’s smarter, fairer, and highlights how renewables are quietly outcompeting fossil fuels. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/75120369e3512643