Profit (net income) is what is left over after all expenses and taxes are paid. Dividends are paid from these profits. People invest in order to benefit from these profits.
The oil and natural gas industry earns, on average, 6.7% profit.
That's better than food, at 1.9%, but no where near as good as pharmaceuticals, at 22.2%.
So how can Democrats (no one else is proposing this) seek to set the 'profits' for one particular industry? And what would they determine to be 'reasonable'? How would they know the profits until the end of the financial reporting period? Just because the price of gas spikes, it does not mean that profits, as a percentage of sales, spikes. Profits vary from quarter to quarter, and year to year. Not a lot, but they do vary.
Maybe a better law for congress to consider is that the federal budget not excede a percentage of the GDP for a previous period, like maybe 2 years back.
It's not the oil industry, or business in general, that is out of control. It's government, at all levels.
Who is John Galt, indeed!!!!