Hey, a windfall profits tax on oil is GREAT idea. Look at some of the benefits we can expect:
1) Less drilling for oil and gas. Of course, the 21st century reincarnation of WPT should not distinguish between "old oil" and "new oil". This is an inherently dirty and dangerious business that we don't need in an information economy. A knock-on benefit is that oil industry will finally shut up about ANWR and offshore drilling restrictions.
2) Less investment in refineries and pipelines. Again, this is a dirty and dangerous business that we don't need in an information economy.
3) A new tax that targets greedy oil companies and evil independent oil drillers. A knock-on benefit is that also will hurt Halliburton, which is primarily an oil-and-gas services company. We don't need this in an information economy.
4) Higher fuel prices and supply disruptions will reduce driving in the short run. Physical transportion certainly isn't necessary in an information economy. Longer term, higher fuel prices could even eradicate the evil SUV which has plagued our roads and highways for almost two decades. A knock-on benefit of this is that it would finally bankrupt GM, another evil big corporation.
By coupling WPT with impossible regulations, we can finally strangle the big oil companies. Then, this industry can finally be socialized, the federal government can repeal the laws of thermodynamics as well as the laws of supply and demand, and we will all live in utopia.
You are the man with the plan. If only people would listen to you.
I'd love to hear your strategy to finally eradicate Big Drugs and Big Healthcare.