S.Con.Res.88 - A concurrent resolution expressing the sense of Congress concerning drawdowns of the Strategic Petroleum Reserve.106th Congress (1999-2000)
||Sen. Collins, Susan M. [R-ME] (Introduced 03/02/2000)
||Senate - Energy and Natural Resources
||03/02/2000 Referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S1128-1129) (All Actions)
This bill has the status Introduced
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Introduced in Senate (03/02/2000)
Expresses the sense of Congress that the President and the Secretary of Energy should: (1) draw down the Strategic Petroleum Reserve (SPR) directly through time exchanges (swaps) or other means to combat unfair foreign trade practices of the Organization of Petroleum Exporting Countries (OPEC) and alleviate their severely deleterious consequences to people and businesses in the United States; and (2) prepare for future threats to the domestic economy and energy supply by developing methods to draw down the SPR when needed, and increase SPR crude oil quantity over time in an economically reasonable manner.