A resolution expressing the sense of the Senate concerning oil markets.

Expresses the sense of the Senate that the President should: (1) directly confront OPEC and challenge it to increase oil production immediately; (2) direct the Federal Trade Commission and Attorney General to exercise vigorous oversight over the oil markets to protect the American people from price gouging and unfair practices at the gasoline pump; and (3) suspend deliveries of oil to the SPR and release 1,000,000 barrels of oil per day from the SPR for 30 days following the date of adoption of this resolution, and if necessary, for an additional 30 days beyond that.