Expressing the sense of the Congress concerning drawdowns of the Strategic Petroleum Reserve.

Summary

Expresses the sense of Congress that if the March 27 summit of the Organization of Petroleum Exporting Countries (OPEC) does not result in a decision to increase production sufficiently to reduce the price of oil in the United States, reversing OPEC's market-distorting behavior, then the President and the Secretary of Energy should: (1) draw down the Strategic Petroleum Reserve (SPR) to combat OPEC's unfair foreign trade practices and alleviate the deleterious consequences to people and business in the United States that those practices have caused; and (2) prepare for future threats to the U.S. economy and energy supply by developing methods to draw down the SPR quickly when needed, and increase the quantity of SPR crude oil over time in an economically reasonable manner.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 9 March 2000

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• Introduced in House (PDF)

  Introduced in House · EN · 9 March 2000

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• Introduced in House

  summary · EN · 9 March 2000

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