The general market conditions are that the price goes up and the price goes down. The problem is that investors take a risk on the price sometimes being up and sometimes being down. In cases when the price is up, if you have advocacy for targeted taxes on specific industries, that obviously impacts investment decisions.
Sir, let me ask you another question. If you support windfall taxes, then can I assume you would support a windfall subsidy for the same sector? Suppose that some global shock caused a significant drop in the price of oil. Say new supplies suddenly opened up because of changes in technology or geopolitical events. Would you, in response to those events, advocate a windfall subsidy to the same sector that you want to see a windfall tax on?
