The shale revolution has been tremendous for American and American consumers and global consumers in. Should some of the windfall profits go back to consumers? Yes or no? If you raise taxes when product, when we need production to rise, you'll get less production and ultimately higher prices. Well, they're not. Incentives are what drive human being. They're not putting any of these profits into more production, are they? Oh, they are. (02:19–02:27)
CLAIM
Asserts that increasing taxes on oil production will reduce production and increase prices.
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