Feingold Joins Effort Urging President to Pressure OPEC on Fluctuating Oil Supply
Posted at 13:38:13 on March 31, 2004
Senator Russ Feingold's office put out a press release on 3/31/04:
U.S. Senator Russ Feingold joined a bipartisan group of his Senate colleagues yesterday in a letter to the President, urging him and his administration to demand that OPEC (the Organization of Petroleum Exporting Countries) move to abandon its planned cuts in production and increase the world oil supply at its meeting scheduled today.
"We are extremely concerned that OPEC's control of global oil prices will continue to directly affect America's economic well-being unless the Administration takes an active and aggressive role in pressuring OPEC to increase production," the letter read. "OPEC's continued manipulation of the global oil market has already translated into extraordinarily high gasoline prices in the United States, with prices reportedly up 29 cents per gallon since December and averaging a record high of $1.80 nationwide."
- Trae
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