Dorgan Steps Up Against Oil Industry Price Gouging

North Dakota Sen. Byron Dorgan (D), who I profiled in an earlier American Prospect piece, is showing why he has long been considered one of the true populists in the U.S. Senate. As the New York Times today reports, Dorgan "said he was introducing a bill to tax oil companies for high oil profits and pay a rebate to consumers." He said, "There is nothing about this market that is free" and argued "that the OPEC cartel sets prices and that the consolidation of petroleum companies had made the pricing situation worse for consumers." He's exactly right - and his legislation is a step Democrats should follow.

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