[Congressional Record Volume 146, Number 83 (Tuesday, June 27, 2000)]
[House]
[Page H5174]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                  THE NEED TO ADDRESS OIL PRICE FIXING

  (Mr. GIBBONS asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. GIBBONS. Mr. Speaker, recently gasoline prices have increased at 
rates not seen since the 1970s. While the Clinton-Gore administration 
vows that it will not tolerate companies who fix prices here at home, 
it remains reluctant to get tough on foreign countries that 
simultaneously receive U.S. aid and engage in oil price fixing that 
affects every American.
  Although it is almost too late, it is time that the administration 
begin working for the American people.
  Mr. Speaker, many Americans are seeing their family vacation plans 
evaporate as prices rise. I call upon the administration to adopt a 
national policy with other oil-consuming nations to take steps towards 
reducing, suspending, or even eliminating assistance or arms sales to 
exporters engaged in price fixing.
  The hard-working American families deserve more than just a vacation. 
They deserve national leadership that is concerned about their future 
rather than the hollow rhetoric and empty promises of the Clinton-Gore 
White House.

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