Expressing the sense of the Congress concerning drawdowns of the Strategic Petroleum Reserve.

Expresses the sense of Congress that: (1) if the March 27 Organization of Petroleum Exporting Countries (OPEC) summit does not result in a decision to increase production sufficiently to reduce the price of oil in the United States, then the President and the Secretary of Energy should draw down the Strategic Petroleum Reserve (SPR) to combat unfair OPEC foreign trade practices and alleviate the severely deleterious consequences to people and business in the United States that those practices have caused; (2) Congress should immediately pass, and the President should sign into law, legislation to reauthorize the Energy Policy and Conservation Act and extend the President's authority to release SPR oil; and (3) the President and the Secretary should prepare for potential future threats to the economy and energy supply of the United States by developing methods to increase crude oil quantities in the SPR and promote a diversified energy portfolio.