Wednesday, February 29, 2012

Democrats Want To Open Strategic Reserve

I have question. Democrats (in particular the president) insist that drilling for oil won't affect oil prices. So how would releasing a relatively tiny amount of oil from the strategic reserve do it?
Congressional Democrats are ramping up pressure on President Obama to tap the Strategic Petroleum Reserve (SPR) to prevent rising gas prices from threatening the economy and their election-year prospects.

They are growing anxious that the price of fuel could reverse their political fortunes, which had been improving due to signs of growth in the economy.

Republicans have hammered Democrats on the price spike, repeatedly noting that gas prices — now at $3.72 per gallon for regular — have doubled since Obama won the White House. 


House Speaker John Boehner (R-Ohio) on Tuesday blamed Obama and “radical environmental groups” for fuel prices and said it was “about damn time” the nation developed a comprehensive energy policy.

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