Back in the late 1970s, when the United States was faced with an “oil shortage” and lines formed at the pumps, the oil industries were making windfall profits. I seem to remember that the president started talking about windfall profit taxes and, what do you know, soon thereafter our oil shortage disappeared, and energy prices dropped and stabilized.

With record federal deficits, shouldn’t President Bush start talking about windfall profit taxes? Or could it be that he has too many oil stocks to want to do that?

George Bussiere, Lewiston