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COPYRIGHT 2005 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW
MARK HAINES, CNBC ANCHOR: As the price of oil prices soars, so do profits at the major oil companies, and that is not going over well with some on Capitol Hill. Senators Byron Dorgan and Chris Dodd are calling for a windfall tax on big oil profits.
(BEGIN VIDEO CLIP)
SEN. BYRON DORGAN (D), NORTH DAKOTA: The major integrated oil companies are profiting handsomely to the tune of $7 billion a month of extra excess windfall profits. And we`ve introduced this legislation because we believe some of that should be recaptured and returned as a rebate to the consumers in this country.
HAINES: All right. The senators say that $2,400 a second in what they call, please note how the terms of the debate are framed here, in "excess profit." First, you`ve got...
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