Landrieu calls fellow Dems' oil-tax bill ‘laughable’

The Democrats' plan, which may come to the floor this week, was authored by Sen. Robert Menendez (D-N.J.). It would require oil companies to pay taxes for drilling on federal land and remove tax deductions for companies that drill in foreign countries. In all, it would raise about $20 billion, which would be directed toward deficit reduction.

Louisiana is one of the highest energy-producing states in the nation and Landrieu argued that the Gulf's oil industry would be adversely affected by the scrapping of the tax incentives.

Landrieu said she knew her position — as well as the position of Sen. Mark Begich (D-Alaska), who also opposes the bill — would be unpopular among their fellow Democrats.

“I know we are going to be the skunks at the garden party, to be the two Democrats against his bill,” she acknowledged.

Landrieu also blasted states that consume more energy than they produce and complain about gas prices.

“There are a lot of states up here that don't produce, don't conserve, aren’t efficient, and all they want to do is yell about high gas prices,” said Landrieu, raising her voice. “Well why don’t you do something about it?”