Taxing Windfall Profits in the Energy Sector
Nate Vernon, Thomas Baunsgaard
Abstract
Commodity prices for coal, oil, and natural gas have increased sharply during 2022, although prices have retreated somewhat more recently. The increase stems from a combination of factors, including a mismatch between energy demand and supply during the economic recovery from COVID-19, further amplified by the Russian war in Ukraine.
Topics & Concepts
Windfall gainEconomicsMonetary economicsNatural resource economicsMacroeconomicsEnergy, Environment, and Transportation Policies