gas extraction as a "hi-decline" industry, with employment
falling 16.1% from the third quarter of 2015 to the third
quarter of 2016; and
WHEREAS, Rig counts in Pennsylvania fell from 56 in 2014 to
20 in 2016; and
WHEREAS, Since January 2015, 268 oil and gas companies have
filed for bankruptcy in the United States; and
WHEREAS, Pennsylvania is an energy-producing state, where
crude oil production in 2016 fell 2,000 barrels per day (bpd) to
17,000 bpd, the first year-over-year decline since 1999; and
WHEREAS, Russian government-owned Rosneft could own a
significant stake in United States energy resources and
infrastructure in the Western Hemisphere and undermine American
energy security and national security if Venezuela's PetrĂ³leos
de Venezuela, S.A. fails to repay a $1.5 billion loan, for which
a major stake in Citgo was used as collateral; therefore be it
RESOLVED, That the House of Representatives of the
Commonwealth of Pennsylvania urge the Congress of the United
States to pass H.R. 545, the United States Commission on the
Organization of Petroleum Exporting Countries Act, and request
that President Donald J. Trump sign H.R. 545 into law; and be it
further
RESOLVED, That, if Congress does not pass H.R. 545, President
Trump take executive action to establish and appoint a one-year
commission of experts to investigate OPEC and make
recommendations to counter market manipulation and price
volatility caused by the cartel and State-owned oil companies,
and to help protect our nation's energy and national security;
and be it further
RESOLVED, That copies of this resolution be transmitted to
20170HR0592PN2673 - 2 -
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