Oil Prices, Oil Profits

Democratic Senator Byron Dorgan of North Dakota talks with LOE about his proposal for a windfall profit tax. The tax would send oil company profits that aren’t being used for exploration back to the consumer.

Consumers are looking for some relief from soaring home heating oil and gasoline prices, as they watch oil companies garner stratospheric profits. Senator Byron Dorgan, Democrat from North Dakota, is co-sponsoring a bill that would impose a tax on big oil’s profits. He speaks with host Steve Curwood about how the plan would work.