And do you really think the price of oil is decided by the tax on the oil drillers in norway? The price is decided in very high places
in Saudi Arabia and their friends and of course supply and demand. Even if there was ZERO tax they would still sell the Norwegian oil at the current price in the world.
Disagree, if there are plenty of oil competitors then the price of the oil will stay low , given that there is enough supply of it, which for now it is (although its rapidly decreasing).Nobody says that only 1 or 2 companies should drill that oil, big competition is the recipe for a healthy economy and free market.
If you tax it with 78% then defacto you get +78% more expensive oil, which of course the small firms and people will pay from their pockets.
If there is a trust in the oil market then thats another problem, but it is largely contribuited by the big taxes and the regulation. If you highly regulate them and tax the sh*t out of them, then obviously no new oil companies will rise to the top, and there will be no competition, thus the trusts could agree on the prices.
Not to dive into the other big one, the global QE program which is also a major contributor to big oil prices, which is caused by Keynesian nutjob central bankers by printing toilet paper money to debase the currency so every price goes up relatively to it.
So either way the politicians are the bad guys here.