, ▁the ▁United ▁States ▁en act ed ▁the ▁Cru de ▁O il ▁Wind fall ▁Prof it ▁Tax ▁Act ▁( P . L . ▁ 9 6 - 2 2 3 ) ▁as ▁part ▁of ▁a ▁comprom ise ▁between ▁the ▁Carter ▁Administration ▁and ▁the ▁Congress ▁over ▁the ▁de control ▁of ▁cru de ▁oil ▁prices . ▁The ▁Act ▁was ▁intended ▁to ▁rec oup ▁the ▁re venue ▁earned ▁by ▁oil ▁produ cers ▁as ▁a ▁result ▁of ▁the ▁sharp ▁increase ▁in ▁oil ▁prices ▁brought ▁about ▁by ▁the ▁O PE C ▁oil ▁embargo . ▁According ▁to ▁the ▁Cong r essional ▁Research ▁Service , ▁the ▁Act ' s ▁title ▁was ▁a ▁mis nom er . ▁ ▁" Des p ite ▁its ▁name , ▁the ▁cru de ▁oil ▁wind fall ▁profit ▁tax ... ▁was ▁not ▁a ▁tax ▁on ▁prof its . ▁It ▁was ▁an ▁exc ise ▁tax ... ▁im posed ▁on ▁the ▁difference ▁between ▁the ▁market ▁price ▁of ▁oil , ▁which ▁was ▁techn ically ▁referred ▁to ▁as ▁the ▁removal ▁price , ▁and ▁a ▁stat ut ory ▁ 1 9 7 9 ▁base ▁price ▁that ▁was ▁adjust ed ▁quarter ly ▁for ▁infl ation ▁ ▁and ▁state ▁sever ance ▁tax es ." ▁ ▁En act ment ▁The ▁ 9 6 th ▁United ▁States ▁Congress ▁was ▁motiv ated ▁to ▁en act ▁the ▁tax ▁by ▁several ▁factors : ▁▁ ▁The ▁Congress ▁was ▁concerned ▁that ▁the ▁domestic ▁oil ▁industry ▁would ▁re ap ▁enorm ous ▁reven ues ▁and ▁prof its ▁as ▁a ▁result ▁of ▁the ▁der eg ulation ▁of ▁price ▁controls ▁to ▁allow ▁domestic ▁oil ▁to