Legislation involving the energy industry has been introduced by Sen. Don Nickles, R-Okla., and Rep. Wes Watkins, D-Okla.
The bills introduced separately by Nickles and Watkins would impose a fee on imported oil and repeal the windfall profits tax.
Nickles' bill sets a floor on the import fee at $20 a barrel while Watkins' proposal calls for a variable fee of $22 with proceeds going to reduce the federal budget deficit.
Nickles and Watkins said the import fee would help curb American dependence on Middle East oil and would help domestic producers.
Also, Nickles was one of 11 co-sponsors of a bill to allow states to increase the speed …