McKEON PUTS PRESSURE ON CLINTON TO STOP
OIL PRICE FIXING
Clinton-Gore Administration Was ‘Caught Napping' by
Rising Gas Prices; House Passes Bill Requiring Price Fixing to be
Considered
by Administration
WASHINGTON – U.S. Rep. Howard P. "Buck" McKeon, R-Santa
Clarita, pointing to admissions by the Clinton-Gore Administration that it
was "caught napping" by rising fuel prices, today voted for a bill that
would require the administration to exercise diplomatic pressure to reduce
fuel prices.
The House today approved, on a vote of 382 to 38, H.R. 3822,
the Oil Price Reduction Act. The bill now goes to the Senate.
The bill states it is the policy of the United States to
determine its relations with major oil exporting nations based on whether
such nations engage in oil price-fixing; and to work with other major oil
importing nations to completely dismantle international oil price-fixing
arrangements.
The bill requires the president to report to Congress on the
overall economic and security relationship between the U.S. and each major
net oil exporting nation; how coordination among OPEC nations regarding
oil production and pricing has affected the U.S. economy and global oil
prices; U.S. assistance programs that are provided to oil-exporting
nations; and which countries are engaged in oil price-fixing that harms
the U.S. economy.
"It is sad that the Congress of the United States has to
instruct the president to do the right thing and protect American
consumers, but again we are forced into this position," McKeon said.
"We've spent billions of dollars and risked thousands of American lives to
protect OPEC countries, and yet the Clinton-Gore administration has done
virtually nothing to put pressure on OPEC nations to cut the price of
gasoline."
McKeon pointed to statements by Energy Secretary Bill
Richardson, who acknowledged to the Associated Press on Feb. 16, 2000 that
the Clinton-Gore administration failed to anticipate the increase in
energy costs: "It was obvious that the federal government was not
prepared. We were caught napping," Richardson said.
McKeon noted that gasoline prices increased 12.9 percent in
February alone, and home heating oil prices skyrocketed 30.6 percent
during the same period. The Labor Department last week announced that
inflation had its largest gain in 10 years, due solely to soaring gas and
energy prices.
"These rising fuel prices are a burden to everyone, but
particularly in my 25th District," McKeon said. "In the Antelope, Santa
Clarita and San Fernando valleys, tens of thousands of people drive more
than 40 or 50 miles a day to work every day. They are facing a severe
burden."
McKeon has also signed on as an original co-sponsor of H.R.
3844, to repeal the so-called "Gore Gas Tax" – a tax hike of 4.3 cents per
gallon that was imposed by a Democrat-controlled Congress in 1993. Vice
President Al Gore had cast the deciding vote to break a tie in the Senate
and send the Gore Tax to President Clinton, who signed it. Every
Republican in the House voted against it.