Dykstra Says Johnson Taking Wrong Approach

Posted on Thursday, June 12, 2008

Republican U.S. Senate Candidate Joel Dykstra said that South Dakota Senator Tim Johnson is taking the wrong approach to protect American consumers and the American economy from rising energy costs.

The Senate struck down legislation on Tuesday co-sponsored by Senator Johnson that would have imposed a windfall profits tax against the five largest U.S. oil companies. Dykstra, who spent 19 years in the international energy development business in the 1980's and 1990's, in both the United States and Europe, said the Johnson approach will fail to solve the problem. This would result in even higher prices at the pump and discourage American companies from further investment in domestic exploration and production, Dykstra said.