On the recordJanuary 26, 2023
This amendment would prohibit the bill from taking effect until the Secretary of Energy, in consultation with other Federal agencies, certifies that this bill will not result in an increase to the average price of energy for Americans. The world's largest supply of emergency crude oil--the Strategic Petroleum Reserve--was established to reduce the devastating impact of supply shocks on prices. When supply shocks are allowed to occur uninhibited, prices rise, and the American people suffer. Whether it is mile-long lines at your local gas station or home energy costs that force families into the cold or heat, supply shocks in energy markets hurt people. They might not hurt some of my colleagues' neighborhoods, but they certainly hurt mine. My constituents would feel deeply the pain that would happen if the President was not permitted to utilize the Strategic Petroleum Reserve to do its job. All too often, affording to keep the lights on is an everyday struggle for my constituents and for many other Americans, as well. My district, the Virgin Islands, has among the highest residential and commercial electric rates in the country. The SPR is one of the few mechanisms that the Federal Government has to prevent ever-growing price pressures from crushing people.…





