[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 287 Introduced in House (IH)]
106th CONGRESS
2d Session
H. CON. RES. 287
Expressing the sense of the Congress regarding the actions needed to
address the recent dramatic price increase in heating oil and other
petroleum distillates.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
March 16, 2000
Mr. Sherwood submitted the following concurrent resolution; which was
referred to the Committee on Commerce, and in addition to the Committee
on International Relations, for a period to be subsequently determined
by the Speaker, in each case for consideration of such provisions as
fall within the juriscition of the committee concerned
_______________________________________________________________________
CONCURRENT RESOLUTION
Expressing the sense of the Congress regarding the actions needed to
address the recent dramatic price increase in heating oil and other
petroleum distillates.
Whereas the United States is increasingly dependent upon the Organization of
Petroleum Exporting Countries (OPEC) for crude oil supplies;
Whereas this growing reliance on imports has now reached 56 percent of the
annual demand for crude oil in the United States, placing the Nation's
economic future in the control of foreign governments, including Iraq;
Whereas OPEC may extend the existing production cuts;
Whereas according to the International Energy Agency, global oil supplies could
be as much as 3 million barrels per day below demand in the first
quarter of 2000 and as much as 1.5 million barrels per day below demand
in the second quarter;
Whereas the dependence of the United States on foreign supplies to meet domestic
demand has resulted in record-high crude oil prices;
Whereas the current high prices for distillates such as heating oil, gasoline,
and diesel fuel have had an alarming impact upon domestic commerce and
industry, especially farming, trucking, utility, and municipal services;
Whereas the infrastructure for fuels such as natural gas (as an alternative to
heating oil for residences and industry) is insufficient to meet demand,
especially in the northeastern United States; and
Whereas a coherent energy policy on the part of the United States Government
could ameliorate such consumer price vulnerability: Now, therefore, be
it
Resolved by the House of Representatives (the Senate concurring),
That the Congress calls on the President to direct the Secretary of
Energy to--
(1) take immediate action to negotiate with the
Organization of Petroleum Exporting Countries (OPEC) and with
non-OPEC nations to increase oil production sufficient to
mitigate the current supply crisis such that world oil prices
reach a sustainable level for both producer and consumer
nations; and
(2) develop a plan and recommend to the Congress by July 1,
2000, both short-term and long-term solutions by which the
United States can reduce its dependence on foreign oil supply,
including--
(A) an analysis of options for sales or exchanges
of crude oil from the Strategic Petroleum Reserve
established by the Energy Policy and Conservation Act
(42 U.S.C. 6201 et seq.);
(B) an analysis of options for increasing
efficiency in energy utilization;
(C) a plan for increasing natural gas supply to
markets in the northeastern United States; and
(D) an evaluation of how the United States can
increase domestic crude oil production to alleviate
risks to national security due to dependence on foreign
oil.
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Introduced in House
Introduced in House
Referred to the Committee on Commerce, and in addition to the Committee on International Relations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Commerce, and in addition to the Committee on International Relations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Commerce, and in addition to the Committee on International Relations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Energy and Power.
Referred to the Subcommittee on International Economic Policy and Trade.
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