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Congresswoman Lizzie Fletcher Statement on Drop in Oil Prices

Statement

Date: April 20, 2020
Location: Houston, TX
Issues: National Security Oil and Gas Health and Health Care

Today, Congresswoman Lizzie Fletcher (TX-07) released the following statement after the price per barrel of oil hit historic lows:

"The impacts of today's historic price drop will be felt acutely throughout our community here in the energy capital of the world. Tomorrow, I will file bipartisan, bicameral legislation to appropriate funds to make a Strategic Petroleum Reserve oil purchase, and I urge my colleagues to take it up immediately. While this is a smart and important effort, it will not solve the underlying demand problem. We must recognize that this price drop is a direct result of decreased demand because of the COVID-19 pandemic, and we must do all we can to combat this virus at home and around the world."


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