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S. 2891 (Clinton Plan)

S. 3044

Which would have reinstated a windfall profits tax, failed to reach the Senate floor on June 10, 2008 via roll call vote

Saudi Arabia Position

Saudis say insufficient demand to pump more oil
U.S. crisis due to lack of refinery capacity, political instability in other parts of the world, weak dollar, and commodity trading
Article appears in the Saudi Gazette, May 17, 2008

Saudis to Host Jeddah Oil Summit

Shell Oil President: To Cut Price Produce More Gasoline in United States (CNN)

John Hofmesiter, President of Shell, recommended the U.S. produce 2-3 million barrels per day to reduce gas prices
Claims U.S. has 100 billion barrels of oil under a 30-year moratorium

SOLUTIONS TO 2007/08 INFLATION

Speedway

State Gasoline Taxes (American Petroleum Institute)

State-by-state listing of various gasoline taxes by state, including excise taxes per gallon, sales taxes, etc.

Strategic Petroleum Reserve Fill Suspension and Consumer Protection Act of 2008

H.R. 6022 sent to President Bush on May 15, 2008; Public Law 110-232.
Calls for suspension of filling the Strategic Petroleum Reserve until the end of 2008
House Roll Call Vote on May 13 and passed by Senate in unanimous consent on May 14, 2008
Department of Energy press release implementing the law

Weekly Inputs, Utilization, Production

Weekly data since 1982 on U.S. refinery intake by type of crude oil in U.S.
Production by type of product (gasoline, kerosene, distillate, propane, residential fuel oil)