CIS/Index
Copyright © 2000, Congressional Information
Service, Inc.
1 CIS H 2715
TITLE:
Price Fluctuations in Oil Markets
CIS-NO: 2001-H271-5
SOURCE: Committee on Commerce. House
DOC-TYPE: Hearing Retrieve
the full text of testimony
DATE: Mar. 9, 2000
LENGTH:
iii+126 p. il.
CONG-SESS: 106-2
ITEM-NO: 1019-A-01;
1019-B-01
SUDOC: Y4.C73/8:106-149
CIS DOCUMENT ON DEMAND:
1-800-227-2477 (Full Text Reproductions)
GPO-STOCK-NO:
552-070-26157-5.
SUMMARY:
Committee Serial No.
106-149. Hearing before the Subcom on Energy and Power to examine reasons for
and implications of recent increases in global oil prices, and
to review Administration initiatives and possible additional policy responses to
oil price increases.
Supplementary material (p.
123-126) includes submitted statements.
CONTENT-NOTATION: Oil price increases,
overview and policy responses
DESCRIPTORS:
PETROLEUM AND PETROLEUM INDUSTRY; ENERGY
PRICES; ENERGY REGULATION; STATISTICAL DATA: ENERGY
01-H271-5 TESTIMONY NO: 1 Mar. 9, 2000 p. 22-29
WITNESSES (and witness notations):
SWEENEY,
JOHN E. (Rep, R-NY)
MORAN, JERRY (Rep, R-Kans)
SHERWOOD, DON (Rep, R-Pa)
STATEMENTS:
Concerns about recent increase in oil
prices.
CONTENT NOTATION:
Oil price increases, overview and policy
responses
01-H271-5 TESTIMONY NO: 2
Mar. 9, 2000 p. 30-73
WITNESSES (and witness notations):
COOK, JOHN S. (Director, Petroleum Division, Energy
Information Administration)
CROWLEY, JOSEPH (Rep, D-NY)
MAZUR, MARK J. (Director, Office of Policy, DOE)
PARKER, RICHARD G. (Director, Bureau of Competition, FTC)
STATEMENTS AND DISCUSSION:
Review of recent
trends in oil prices (related graphs, p. 34-36); perspectives
on and recommendations regarding Administration policy actions to address
economic dislocation caused by oil price volatility; factors
contributing to recent increases in oil prices.
CONTENT NOTATION:
Oil price
increases, overview and policy responses
TESTIMONY DESCRIPTORS:
DEPARTMENT OF ENERGY; FEDERAL TRADE COMMISSION; ECONOMIC
POLICY; ENERGY INFORMATION ADMINISTRATION
01-H271-5
TESTIMONY NO: 3 Mar. 9, 2000 p. 75-123
WITNESSES (and witness notations):
CAVANEY, RED
(President and CEO, American Petroleum Institute)
MURPHY,
MARK B. (President, Strata Production Co.; representing Independent Petroleum
Association and National Stripper Well Association)
WOLKOFF, NEAL L. (Executive Vice President, New York
Mercantile Exchange (NYMEX))
SLAUGHTER, BOB (Director,
Public Policy, National Petrochemical & Refiners Association)
FARRUGGIO, SAMUEL (President, Farruggio's Express)
D'ARCO, PETER (Vice President and Chief Operating Officer,
S. J. Fuel Co.; representing Petroleum Marketers Association)
STATEMENTS AND DISCUSSION:
Review of oil supply
situation and price trends; recommendations for Administration
policies to strengthen domestic oil and gas industries;
explanation of NYMEX operations and oversight responsibilities as an energy
futures exchange (related graphs, p. 92-95 passim); adverse impact of oil
price increases and market disruptions on various industry
sectors.
CONTENT NOTATION:
Oil
price increases, overview and policy responses
TESTIMONY DESCRIPTORS:
AMERICAN PETROLEUM INSTITUTE;
NATURAL GAS AND GAS INDUSTRY; COMMODITY CONTRACTS AND EXCHANGES
LOAD-DATE: March 29, 2001 
