Bill Overview
Title: No Oil for CCP Act
Description: This bill bans exports of crude oil from the Strategic Petroleum Reserve (SPR) to China, North Korea, Iran, and other specified recipients. Specifically, the bill directs the Department of Energy to require as a condition of any sale of crude oil from the SPR that (1) the oil not be exported to such countries; and (2) the recipient of the oil is not under the ownership, control, or influence of the Chinese Communist Party.
Sponsors: Rep. Wittman, Robert J. [R-VA-1]
Target Audience
Population: People in China, North Korea, Iran, and other specified countries
Estimated Size: 100000000
- This bill directly affects countries like China, North Korea, and Iran, which means it impacts people in those countries who might experience economic consequences due to restricted access to oil.
- It could indirectly affect global oil markets, impacting countries beyond those specified, including oil consumers worldwide experiencing changes in oil prices.
- Residents of countries allied or economically tied with China, North Korea, or Iran might be affected due to potential ripple effects in trade or diplomacy.
- The global population relying on oil and gas stability might be affected by any market fluctuations resulting from changes in supply-demand dynamics.
- Consumers and industries dependent on oil in the specified countries may experience shortages or price increases.
Reasoning
- The No Oil for CCP Act directly impacts international oil trade, specifically targeting exports to certain countries. This will have limited direct impacts on most American individuals but could lead to moderate indirect effects due to shifts in global oil prices.
- American consumers might see changes in gas prices, which could affect their cost of living and indirectly influence their wellbeing scores.
- People directly employed in the oil industry might see the most change, potentially experiencing either a slight benefit or detriment depending on market dynamics.
- Overall, any 'self-reported wellbeing' changes for Americans are likely due to economic impacts, which can vary based on personal circumstances, geographic location, and occupation.
- Given the limited budget and target population for this policy, its direct measurable effects within the US might be relatively muted, focusing more on market adjustments rather than extensive well-being changes.
Simulated Interviews
Oil Rig Worker (Houston, Texas)
Age: 35 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 5.0 years
Commonness: 8/20
Statement of Opinion:
- I'm concerned about the impact on my job if exports decrease. That might mean less work for us.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 6 |
| Year 2 | 5 | 6 |
| Year 3 | 4 | 6 |
| Year 5 | 4 | 6 |
| Year 10 | 6 | 7 |
| Year 20 | 7 | 7 |
Environmental Consultant (Los Angeles, California)
Age: 29 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 10.0 years
Commonness: 5/20
Statement of Opinion:
- This might push the US faster towards renewable energy, which I think is great for the environment.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 8 | 8 |
| Year 10 | 9 | 8 |
| Year 20 | 9 | 8 |
Finance Analyst (New York, New York)
Age: 42 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 3.0 years
Commonness: 9/20
Statement of Opinion:
- Prices may fluctuate, affecting the market. We need to be prepared for some volatility.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 6 |
| Year 2 | 5 | 6 |
| Year 3 | 6 | 6 |
| Year 5 | 7 | 6 |
| Year 10 | 6 | 6 |
| Year 20 | 7 | 6 |
Gas Station Owner (Chicago, Illinois)
Age: 55 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 2.0 years
Commonness: 10/20
Statement of Opinion:
- I worry a bit about how this will affect gas prices. Inflation has been hard enough.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 7 |
| Year 2 | 6 | 7 |
| Year 3 | 7 | 7 |
| Year 5 | 7 | 7 |
| Year 10 | 7 | 8 |
| Year 20 | 8 | 8 |
Factory Worker (Detroit, Michigan)
Age: 34 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 3.0 years
Commonness: 12/20
Statement of Opinion:
- If gas prices go up, it makes daily commuting more expensive, which affects my overall budget.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 4 | 5 |
| Year 2 | 4 | 5 |
| Year 3 | 5 | 5 |
| Year 5 | 6 | 5 |
| Year 10 | 6 | 5 |
| Year 20 | 6 | 5 |
College Student (Boston, Massachusetts)
Age: 22 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 2.0 years
Commonness: 11/20
Statement of Opinion:
- This could change global political dynamics by increasing tension with China.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 6 | 6 |
| Year 3 | 7 | 6 |
| Year 5 | 6 | 6 |
| Year 10 | 7 | 7 |
| Year 20 | 8 | 7 |
Logistics Manager (Dallas, Texas)
Age: 45 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 4.0 years
Commonness: 9/20
Statement of Opinion:
- Changes in oil availability can disturb supply chains, which might require adjustments in our strategies.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 7 |
| Year 2 | 6 | 7 |
| Year 3 | 7 | 7 |
| Year 5 | 7 | 7 |
| Year 10 | 7 | 7 |
| Year 20 | 8 | 7 |
Tech Entrepreneur (San Francisco, California)
Age: 50 | Gender: male
Wellbeing Before Policy: 8
Duration of Impact: 10.0 years
Commonness: 4/20
Statement of Opinion:
- This could be an opportunity to advance new energy technologies and benefit domestic innovation.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 9 | 8 |
| Year 5 | 9 | 8 |
| Year 10 | 9 | 9 |
| Year 20 | 10 | 9 |
Retired (Miami, Florida)
Age: 60 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 5.0 years
Commonness: 14/20
Statement of Opinion:
- Higher gas prices would make my budget tighter, affecting my quality of life.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 6 |
| Year 2 | 5 | 6 |
| Year 3 | 5 | 6 |
| Year 5 | 6 | 6 |
| Year 10 | 6 | 7 |
| Year 20 | 7 | 7 |
Freelance Writer (Denver, Colorado)
Age: 32 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 7/20
Statement of Opinion:
- I'm hopeful this will help in reducing our carbon footprint.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 8 | 8 |
| Year 10 | 8 | 8 |
| Year 20 | 9 | 8 |
Cost Estimates
Year 1: $5000000 (Low: $3000000, High: $7000000)
Year 2: $5000000 (Low: $3000000, High: $7000000)
Year 3: $5000000 (Low: $3000000, High: $7000000)
Year 5: $5000000 (Low: $3000000, High: $7000000)
Year 10: $5000000 (Low: $3000000, High: $7000000)
Year 100: $5000000 (Low: $3000000, High: $7000000)
Key Considerations
- Global oil prices could be affected depending on how other countries adjust to the U.S. restricting oil sales to these nations.
- The U.S. might see strategic benefits by not extending its oil reserves to potentially adversarial nations, which might outweigh some direct economic costs.
- Legal and diplomatic considerations are needed to manage the implications of limiting these sales on international relations.
- The adjustment of oil sale conditions might require coordination with allied nations to maintain cohesive energy strategies.