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| THE GENERAL ASSEMBLY OF PENNSYLVANIA |
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| HOUSE RESOLUTION |
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| INTRODUCED BY HORNAMAN, BELFANTI, BOBACK, BURNS, CALTAGIRONE, FAIRCHILD, FRANKEL, FREEMAN, GEORGE, GOODMAN, GROVE, GIBBONS, HARHAI, HESS, HOUGHTON, KORTZ, LONGIETTI, MAHONEY, MARKOSEK, McILVAINE SMITH, MOUL, PALLONE, PASHINSKI, PAYNE, PETRARCA, ROCK, SANTONI, SEIP, SIPTROTH, K. SMITH, J. TAYLOR, WHITE AND YUDICHAK, MARCH 12, 2009 |
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| REFERRED TO COMMITTEE ON INTERGOVERNMENTAL AFFAIRS, MARCH 12, 2009 |
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| A RESOLUTION |
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1 | Memorializing Congress to conduct a full and complete |
2 | investigation into all foreign and domestic factors affecting |
3 | gasoline and diesel fuel prices in the United States. |
4 | WHEREAS, Millions of Pennsylvanians rely on gasoline and |
5 | diesel fuel to power the vehicles that transport them to work, |
6 | school, recreation, religious services, medical treatment and |
7 | other destinations; and |
8 | WHEREAS, Pennsylvania's economy is inextricably linked to |
9 | motor transportation; and |
10 | WHEREAS, According to the Pennsylvania Department of |
11 | Transportation, this Commonwealth contains approximately 121,000 |
12 | miles of interstate, State and local roads, with approximately |
13 | 108 billion vehicle miles traveled annually; and |
14 | WHEREAS, Gasoline and diesel fuel prices have recently been |
15 | moving contrary to the dictates of traditional market forces of |
16 | supply and demand, as if being manipulated; and |
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1 | WHEREAS, While working Pennsylvanians struggle to afford |
2 | gasoline and diesel fuel, along with basic needs of health care, |
3 | food and shelter, oil companies have enjoyed record profits; and |
4 | WHEREAS, One major oil company reported an annual profit for |
5 | 2008 of $45.2 billion, or nearly $1,433 per second; and |
6 | WHEREAS, International economic experts from such authorities |
7 | as Japan's Energy Data and Modeling Center and the University of |
8 | Texas's Center for Energy Economics, and energy company |
9 | executives have agreed that excessive energy speculation |
10 | elevates energy prices; and |
11 | WHEREAS, Hearings held by the Congress of the United States |
12 | investigating the causes of record-high fuel prices failed to |
13 | produce an adequate national strategy to address the factors |
14 | controlling those prices; and |
15 | WHEREAS, According to the National Bureau of Economic |
16 | Research, the United States has been in a recession since |
17 | December 2007; and |
18 | WHEREAS, The Federal Government has injected billions of |
19 | dollars of public funds into private companies with the intent |
20 | of saving the United States economy from further decline; and |
21 | WHEREAS, The United States economy will continue to suffer if |
22 | gasoline and diesel fuel prices continue to be volatile; |
23 | therefore be it |
24 | RESOLVED, That the House of Representatives memorialize |
25 | Congress to conduct a full investigation to identify the forces |
26 | controlling gasoline and diesel fuel prices, as well as the |
27 | factors preventing the United States from recovering from the |
28 | economic damage of volatile gasoline and diesel fuel prices; and |
29 | be it further |
30 | RESOLVED, That copies of this resolution be transmitted to |
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1 | the presiding officers of each house of Congress and to each |
2 | member of Congress from Pennsylvania; and be it further |
3 | RESOLVED, That copies of this resolution be transmitted to |
4 | the Chairman and Ranking Member of the House Committee on Energy |
5 | and Commerce and to the Chairman and Ranking Member of the |
6 | Senate Committee on Commerce, Science and Transportation, at the |
7 | following addresses: |
8 | House Committee on Energy and Commerce |
9 | Chairman Henry A. Waxman |
10 | 2125 Rayburn House Office Building |
11 | Washington, D.C. 20515 |
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13 | Ranking Member Joe Barton |
14 | 2322-A Rayburn House Office Building |
15 | Washington, D.C. 20515 |
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17 | Senate Committee on Commerce, Science and Transportation |
18 | Chairman John D. Rockefeller IV |
19 | 531 Hart Senate Office Building |
20 | Washington, D.C. 20510 |
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22 | Ranking Member Kay Bailey Hutchinson |
23 | 284 Russell Senate Office Building |
24 | Washington, D.C. 20510 |
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