Dennis Kucinich said "as gasoline prices throughout the United States go from $2 a gallon and even towards $3 a gallon, I think it is instructive for this Congress to review the profits of the major oil companies even before this round of increases in the price of gas. Listen to this, the profit increases over the last year: Texaco, 473 percent increase in profit. Phillips Petroleum, 257 percent increase in profit. Conoco, 371 percent increase in profit. Chevron, 291 percent increase in profit. BP Amoco, 296 percent increase in profit. I do not know of anyone in America who is getting a raise of a few hundred percent. The American people are struggling to survive and the oil companies are ripping them off. We need a windfall profits tax. We need to make sure that there is some balance brought back in this economy. It is time to go after the oil companies." @ PoliticalQuotes.com

On the recordJune 20, 2000

as gasoline prices throughout the United States go from $2 a gallon and even towards $3 a gallon, I think it is instructive for this Congress to review the profits of the major oil companies even before this round of increases in the price of gas. Listen to this, the profit increases over the last year: Texaco, 473 percent increase in profit. Phillips Petroleum, 257 percent increase in profit. Conoco, 371 percent increase in profit. Chevron, 291 percent increase in profit. BP Amoco, 296 percent increase in profit. I do not know of anyone in America who is getting a raise of a few hundred percent. The American people are struggling to survive and the oil companies are ripping them off. We need a windfall profits tax. We need to make sure that there is some balance brought back in this economy. It is time to go after the oil companies.

Said by

Dennis Kucinich

Independent · Ohio

Source

govinfo.gov

Editor's note · Context

Addressing rising gasoline prices and oil company profits during a Congressional debate.

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