A resolution expressing the sense of the Senate that the President should communicate to the members of the Organization of Petroleum Exporting Countries ('OPEC') cartel and non-OPEC countries that participate in the cartel of crude oil producing countries the position of the United States in favor of increasing world crude oil supplies so as to achieve stable crude oil prices.
About This Bill
Introduced
Latest Action · May 5, 2004
Sponsor introductory remarks on measure. (CR S4855)
Expresses the sense of the Senate that: (1) the President and Congress should take both a short-term and a long-term approach to reducing and stabilizing crude oil prices as well as reducing dependence on foreign sources of energy; (2) the President should address the problem in the short term by communicating to the members of the Organization of Petroleum Exporting Countries (OPEC) cartel and participating non-OPEC countries that, among other specified messages, the United States seeks to maintain strong relations with crude oil producers, and seeks an immediate increase in the OPEC crude oil production quotas; (3) the President should be commended for sending Secretary of State Powell to communicate personally with leaders of several OPEC members on the need to increase the supply of crude oil; (4) the President should take specified action to ameliorate the long-term problem of the U.S. dependence on foreign oil sources; and (5) the Senate should ameliorate the long-term problem of U.S. dependence on foreign oil sources by appropriating sufficient funds for the development of domestic energy sources, including measures to increase the use of biofuels and other renewable resources.
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