Obama taps Strategic Petroleum Reserve

posted by
June 24, 2011
ABC News    
Posted in News

"With the demand for gas expected to rise in the upcoming summer driving season, President Obama made the surprise announcement today that his is releasing 30 million barrels from the U.S. Strategic Petroleum Reserve into the global oil markets over the next month. ... Although the impending summer demand clearly has the Obama administration worried, the White House would not make any predictions about the effect that the release will have on prices at the pump." (06/23/11)



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