2011 HOUSE RESOLUTION 11-1013 BY REPRESENTATIVE(S) Szabo, McNulty, Acree, Barker, Brown, Conti, Holbert, Joshi, Kerr J., Liston, Looper, Massey, Nikkel, Priola, Ramirez, Scott, Stephens, Summers, Swalm, Vaad. CONCERNING THE EFFECT THAT A LACK OF DOMESTIC PRODUCTION AND REFINING CAPACITY HAVE ON HIGH GASOLINE PRICES AND COLORADO'S ECONOMIC RECOVERY. WHEREAS, Colorado's seasonally adjusted unemployment rate is currently at 9.2 percent; and WHEREAS, The average price of gasoline in the United States for the week of May 9, 2011, is $3.96 per gallon for regular unleaded, $4.21 per gallon for premium, and $4.15 per gallon for diesel, the highest prices since July 2008, and the average price for a gallon of regular unleaded in Colorado for the same week is $3.72; and WHEREAS, High gasoline prices will further cripple the economic recovery of the United States and Colorado, increasing the price of doing business and jeopardizing hard-earned economic gains; and WHEREAS, Increased prices for gasoline also hurt consumer spending, which is vital to our nation's economic recovery and to the creation of good jobs for American citizens; and WHEREAS, President Barack Obama has proposed increasing the tax burden on producers of gasoline by $3.5 billion, therefore increasing taxes on producers and consumers of gasoline; and WHEREAS, President Obama's policies have contributed to decreased domestic oil production by blocking domestic production through harmful moratoriums placed on new offshore development; and WHEREAS, It is in the United States' national security interests to limit and reduce our dependence on foreign sources of oil as our current dependence on imports constitutes 60% of our energy consumption; and WHEREAS, State-sponsored foreign energy suppliers have been increasingly able and willing to use their energy resources to pursue their strategic and political objectives, while major energy consumers such as the United States are finding that our growing dependence on imported energy increases our strategic vulnerability and constrains our ability to pursue a broad range of foreign policy and national security objectives; and WHEREAS, Dependence on foreign energy sources also puts the United States into competition with other importing countries, such as the rapidly growing emerging economies of China and India; and WHEREAS, The United States can decrease its dependency on foreign oil by taking steps to increase domestic production and reduce burdensome regulations on producers; and WHEREAS, Other actions that the United States could take to decrease gasoline prices include standardizing gasoline types throughout the country, as there are currently at least 17 different types of gasoline sold in the United States; increasing the responsible development of domestic refining capacity; and tapping into the 700 million barrels of crude oil stored in the United States Strategic Reserve; and WHEREAS, It is critical to the economic recovery of the United States and Colorado that gasoline prices stay low for consumers and businesses alike; now, therefore, Be It Resolved by the House of Representatives of the Sixty-eighth General Assembly of the State of Colorado: That we, the members of the Colorado House of Representatives: (1) Have passed several measures during the first regular session of the sixty-eighth General Assembly to create jobs and increase energy production in our state; (2) Encourage President Obama, members of Congress, and other government officials to exhaust all efforts to keep oil and gasoline prices low for the benefit of consumers and businesses throughout the United States, as well as for the benefit of our fragile economic recovery; and (3) Ask the federal government and Colorado state officials to remove onerous regulations and increase domestic oil and gas production to improve our national security and free the United States from a dangerous reliance on foreign oil. Be It Further Resolved, That copies of this Resolution be sent to President Barack Obama; members of the United States House Committee on Energy and Commerce; members of the United States Senate Committee on Energy and Natural Resources; the Colorado Congressional Delegation; Governor John Hickenlooper; Secretary Steven Chu of the United States Department of Energy; Secretary Ken Salazar of the United States Department of the Interior; Dave Neslin, Director of the Colorado Oil and Gas Conservation Commission; Mike King, Director of the Colorado Department of Natural Resources. ________________________________________________________ Marilyn Eddins Frank McNulty CHIEF CLERK OF THE HOUSE SPEAKER OF THE HOUSE OF REPRESENTATIVES OF REPRESENTATIVES