(Houston, TX) – 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.”