Congressional Digest

International Debates Archives November 2005 No. 8 Vol. 3
Honorable Ron Wyden

World Oil Prices

The Consequences of Tight Supply and Rising Demand

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Honorable Ron Wyden

United States Senator, Oregon, Democrat

Ron Wyden was first elected to the U.S. Senate from the state of Oregon in 1996. Prior to that, he served for 15 years in the U.S. House of Representatives. He currently serves on the Energy and Natural Resources Committee, among other Senate committees. The following is excerpted from a June 15, 2004, report by Senator Wyden, Campaign of Inaction: The Federal Trade Commission’s Refusal to Protect Consumers in America’s Oil and Gasoline Markets.Today’s staggering gasoline prices are not just clobbering consumers at the pump; they are siphoning away much of the fuel driving our nation’s economy. Consumer spending now…

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