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Posted on 05.13.08 by Thomas L. Knapp
“Amid daily bipartisan sniping over high gas prices, Democrats and Republicans appear to agree on at least one thing: With oil over $120 a barrel, President George W. Bush ought to stop buying crude for the government emergency reserve. Both the House and Senate are expected to approve, with bipartisan support, legislation Tuesday directing Bush to temporarily halt the shipment of about 70,000 barrels of oil a day to the Strategic Petroleum Reserve. Bush has refused to do so, arguing that this small amount of oil won’t impact prices and that for security reasons he wants to increase the stockpile to its full capacity of 726 million barrels. It now has about 701 million barrels, equal to nearly two months of oil imports.” (05/13/08) Link: http://tinyurl.com/4c44yf Filed under: RRND News | Report Bad Link Bookmark this post in Furl or Del.icio.us | |






