[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 284 Introduced in House (IH)]







106th CONGRESS
  2d Session
H. CON. RES. 284

 Expressing the sense of the Congress that members of the Organization 
of Petroleum Exporting Countries should immediately increase crude oil 
 production in order to increase crude oil supplies and achieve stable 
                           crude oil prices.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 15, 2000

 Mr. Bachus (for himself, Mr. Reynolds, Mr. Rohrabacher, Mr. Portman, 
   Mr. Barcia, Mr. Buyer, Mr. Aderholt, Mr. Boucher, Mr. Cramer, Ms. 
Rivers, Mr. McIntyre, and Mr. Deal of Georgia) submitted the following 
     concurrent resolution; which was referred to the Committee on 
International Relations, and in addition to the Committee on Commerce, 
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

_______________________________________________________________________

                         CONCURRENT RESOLUTION


 
 Expressing the sense of the Congress that members of the Organization 
of Petroleum Exporting Countries should immediately increase crude oil 
 production in order to increase crude oil supplies and achieve stable 
                           crude oil prices.

Whereas beginning in March 1998, the Organization of Petroleum Exporting 
        Countries instituted three tiers of crude oil production cuts that 
        reduced production by 4,300,000 barrels per day and have resulted in 
        dramatic increases in crude oil prices;
Whereas these price increases are having an increasingly dramatic and negative 
        effect on most Americans, especially low-income individuals, the 
        elderly, families, farmers, truckers, manufacturers, and retailers;
Whereas the United States imports approximately 55 percent of its crude oil; and
Whereas ensuring access to and stable prices for imported crude oil is a 
        critical objective of United States foreign and economic policy: Now, 
        therefore, be it
    Resolved by the House of Representatives (the Senate concurring), 
That it is the sense of the Congress that--
            (1) members of the Organization of Petroleum Exporting 
        Countries should immediately increase crude oil production in 
        order to increase crude oil supplies and achieve stable crude 
        oil prices;
            (2) stable crude oil prices and supplies are essential for 
        strong economic growth throughout the world;
            (3) in a market that is in demand of additional crude oil, 
        nations that act to restrict the supply of crude oil do serious 
        damage to their relations with the United States;
            (4) continued diplomatic efforts by the United States are 
        necessary to convince all major crude oil exporting countries 
        that current price levels are unsustainable and will cause 
        widespread economic harm;
            (5) the United States seeks friendly relations with crude 
        oil exporting countries around the world, but when considering 
        possible non-humanitarian assistance or trade benefits, will 
        note actions by these countries to restrict or expand the 
        production of crude oil;
            (6) the President should review administrative policies 
        that may put an undue burden on domestic crude oil producers, 
        and should consider rescinding unnecessary regulations that 
        interfere with the ability of the United States energy industry 
        to meet a greater percentage of the energy needs of the United 
        States; and
            (7) the Congress and the President should work together to 
        develop policies that will reduce the dependence of the United 
        States on foreign energy sources, including appropriating 
        sufficient funds for the development of alternative energy 
        sources.
                                 <all>