I would encourage the Department of Energy to look for more effective measures
to deter disruptions in the oil supply of the United States. Simply stockpiling oil
has not been shown to decrease prices for American consumers. More attention
should be focused on maintaining stability of oil production in countries with
inadequate means to protect their supplies. Also, regulations should be levied
against the large oil producers who have recorded record windfall profits who
refuse to appropriate the necessary funds to renovate refinaries and ensure the
stable flow of affordable energy to Americans. As the SPR has risen to record
levels in recent months, oil futures have risen to over $75 a barrel. This is in direct
contradiction to the agency's initiative and shows failure to promulgate any sort of
effective policy regarding stable, affordable consumer prices.
Comment on FR Doc # E6-06102
Comment on FR Doc # E6-06102
This is comment on Proposed Rule
Procedures for the Acquisition of Petroleum for the Strategic Petroleum Reserve
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