I rise in support of the Oil Price Reduction Act. Let us face it, the Clinton Administration has been asleep at the switch. Last month the administration's point man on the fuel crisis, Energy Secretary Bill Richardson, said, ``It is obvious that the Federal Government was not prepared. We were caught napping. We got complacent.'' Complacent indeed. While the Clinton administration was napping over the last 12 months, the price of crude oil has tripled, and the American people were paying the price. That price continues to rise every day. This legislation has been drafted to assist the administration in its negotiations with those nations who have deliberately damaged the American economy by engaging in crude oil price-fixing. Hopefully, passage of the Oil Price Reduction Act will send a wake-up call to the slumbering Clinton administration and a strong message to those nations whose business practices are harming the American economy. I urge my colleagues to support this legislation.
Editor's note · Context
Addressing the Oil Price Reduction Act and criticizing the Clinton Administration's handling of the fuel crisis.
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