Episode 28 • • 33:06 - 34:45
28: The Future of Media
Oil Price Scams, Excess Profit Tax, and Dick Cheney
The surge in oil prices to over $120 per barrel is characterized as a scam, coinciding with record profits for companies like Shell and Exxon. The hosts question why the "excess profit tax" used in the 1920s and 30s is no longer implemented. Political figures like Dick Cheney and George W. Bush are blamed for the lack of regulation in the energy sector.