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Bill 1171

                    Current Status

Bill Number:                      1171
Type of Legislation:              Concurrent Resolution CR
Introducing Body:                 Senate
Introduced Date:                  20000222
Primary Sponsor:                  Elliott
All Sponsors:                     Elliott
Drafted Document Number:          l:\s-res\de\004gasp.jh.doc
Residing Body:                    House
Current Committee:                Invitations and Memorial Resolutions 
                                  Committee 24 HIMR
Subject:                          OPEC oil producing nations, Congress 
                                  requests to encourage increase in oil 
                                  production to reduce gas rates; Fuel


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
House   20000307  Introduced, referred to Committee      24 HIMR
Senate  20000302  Adopted, sent to House
Senate  20000302  Recalled from Committee                12 SLCI
Senate  20000222  Introduced, referred to Committee      12 SLCI


              Versions of This Bill

MEMORIALIZING THE PRESIDENT AND CONGRESS TO TAKE APPROPRIATE STEPS TO ENCOURAGE THE OPEC OIL PRODUCING NATIONS TO INCREASE OIL PRODUCTION AND STABILIZE THE NATION'S GAS AND OIL PRICES.

Whereas, the price of gas and oil has reached its highest point in a decade; and

Whereas, these escalating prices have a detrimental impact on the consuming public by creating undue inflationary pressures that, in turn, adversely affect the prime interest rate chartered by the Federal Reserve; and

Whereas, the long- and short-term impacts of these negative market catalysts include, but are not limited to, increased interest rates, decreased housing starts, and an increased cost of living; and

Whereas, the recent increase in gas and oil prices is directly attributable to the four billion barrel per day oil production decrease ordered by the OPEC oil ministers; and

Whereas, the President and Congress are entrusted with power to make decisions to protect the welfare of the people of the United States; and

Whereas, artificially inflated gas and oil prices directly affect the welfare of our citizens; and

Whereas, market indicators do not foretell any foreseeable end to the increase in gas and oil prices; and

Whereas, South Carolina is experiencing and will continue to experience the negative impact of the rising gas and oil prices. Now, therefore,

Be it resolved by the Senate, the House of Representatives concurring:

That the members of the General Assembly do hereby memorialize the Congress of the United States and the Honorable William J. Clinton, President of the United States, to take all reasonable and necessary steps to negotiate with the OPEC oil producing nations through the State Department to increase oil production and stabilize gas and oil prices.

Be it further resolved that a copy of this resolution be forwarded to the Honorable William J. Clinton and the Congress of the United States.

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