Byron Dorgan: “There are many companies involved in hydrogen fuel cell technology, including United Technologies, that are very active…”

“There are many companies involved in hydrogen fuel cell technology, including United Technologies, that are very active in this area. The Senator is absolutely right with respect to activities in Connecticut. I also want to point out my point on the floor of the Senate is not to tarnish the oil industry. I have been a supporter of it in areas where I felt we should support it. We produce oil in North Dakota. My point is that as the major integrated companies become bigger and more concentrated, they in some cases work oil from the ground to the gas pumps with tremendous pricing capabilities. They are beneficiaries from the enormous amount of excess profit. If they pump those back into the ground or to increase refinery capacity, that is fine. But when they are buying back their stock, I believe they ought to give that windfall, ill-gained profit back to the consumers from where it came.”