Mike Levin: “In summary, this amendment directs DOE to use some common sense when buying oil for the SPR. It urges DOE to buy more…”

“In summary, this amendment directs DOE to use some common sense when buying oil for the SPR. It urges DOE to buy more oil when prices are relatively low and supplies are ample, and less oil when prices are high and supplies are scarce. This approach supports our energy and national security interests and at the same time protects American consumers and businesses. It also protects the taxpayer from excessive costs due to high oil prices. I again thank the managers and Senators Collins and Wyden for their efforts so that this amendment can be accepted. ____________________”