Nobel laureate Joseph Stiglitz on oil company price increases and a possible war tax “We need to ensure that oil companies do not unnecessarily raise prices. Most oil companies have their own reserves, so they wouldn’t even have to buy the oil they process and bring to market. This means: They are currently making hefty profits. If oil companies raise their prices above production costs, they should be burdened with a kind of war tax. The tax revenues could then help finance relief for consumers.” – Joseph Stiglitz, American Nobel laureate in economics, in “We are experiencing a crisis in a completely new dimension”, Handelsblatt Insight, page 50, 18., 19, 20. March 2022, No. 55
approach strategic pricing with a changed mindset and better assess the contribution of professional pricing to results.
