First, the Energy bill would do absolutely nothing over the next few months to lower these gasoline prices. What will help to lower the prices is passing this resolution and pushing OPEC to increase crude oil production. In fact, Republicans have even asked, with respect to the Energy bill, what it would do to gasoline prices. There is no evidence that it will lower prices. This resolution does something in conjunction with making sure we stop filling the Strategic Petroleum Reserve, making sure the Federal Trade Commission deals with these anticompetitive practices. This resolution can make a difference by pushing OPEC to stand up for the consumer. It was good enough in 2000 when a number of our colleagues, led by current Secretary of Energy Abraham, said it made sense. I submit this is something, unlike the Energy bill, which can make a difference for the gasoline consumers getting hosed at the pump right now. For that reason, I think it is unfortunate my colleagues have objected. I yield the floor.
Ron Wyden: “First, the Energy bill would do absolutely nothing over the next few months to lower these gasoline prices. What will…”
Editor's note · Context
Discussing the impact of the Energy bill on gasoline prices and advocating for a resolution to address the issue.
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