If you owned an oil company, would you increase production?

Part of the problem of high gas prices is lack of refining capacity. And aside from the regulatory hurdles involved with building a new refinery, there are enormous capital costs involved. If you owned an oil company, would you be willing to make this capital investment knowing that the candidates most... show more Part of the problem of high gas prices is lack of refining capacity.

And aside from the regulatory hurdles involved with building a new refinery, there are enormous capital costs involved.

If you owned an oil company, would you be willing to make this capital investment knowing that the candidates most likely to win the White House have been tearing up the campaign trail promising to "take those profits" via a "Windfall Profit Tax"?

Why invest your shareholders money only to see any benefit derived from the investment taxed away?
Update: Edit: The same argument can be made for the exploration and drilling of new crude oil fields.
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