Oil Windfall Profits Tax ...... In Venezuela

Posted by Bull Bear Trader | 4/04/2008 08:01:00 AM | , , | 0 comments »

Venezuela is preparing a windfall tax that would take 50% of oil revenue above $70 per barrel, and 60% of revenue above $100 per barrel. The country is already in legal battles with Exxon Mobil and ConocoPhilips.

Ticker: XOM, COP

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