WKRG.com » News Stream » Politics »

Obama: Sell Strategic Petroleum Stockpiles

By The Associated Press

The Illinois Senator says it's a move that could help drive down soaring gas prices. He had previously opposed tapping into the oil reserves Obama: Sell Strategic Petroleum Stockpiles

Published: Mon, August 04, 2008 - 10:24 am Last Updated: Mon, August 04, 2008 - 10:28 am

LANSING, Mich. (AP) - In a reversal, Barack Obama is proposing
the government sell 70 million barrels of oil from its strategic
petroleum stockpiles.
The Democratic presidential candidate says that move could help
in the short-run to drive down gasoline prices that now top $4 a
gallon. The proposal came in a major energy speech Obama has
delivered Monday in Lansing, Mich. Previously, Obama opposed
tapping into the reserves, located in caverns in Texas and
Louisiana.
The Illinois Democrat says releases from the reserve in the past
have lowered gas prices within two weeks.
Obama said U.S. politicians have failed for three decades to
deal with the energy crisis, and he said his GOP rival John McCain
has been part of that failure.

Photo

Obama: Sell Strategic Petroleum Stockpiles

WKRG.com Related Resources

Politics –› Compare Quotes on Issues

Politics –› Political Thoughts in Real Time

Data –› Get Local Gas Prices

Discuss this in the forum

Those who Recommended this also liked:

Recent Politics Forum Topics

Recommend

Email to a Friend

Printer Friendly

rosepetal Says:

Mon, Aug 04, 2008 at 3:11 pm

LPJ1959 , obama is a empty suit. he is nothing. i guess O stands for oil now.

• Report Abuse

BamaBob Says:

Mon, Aug 04, 2008 at 1:27 pm

Why did the democratic congress go on vacation without addressing the energy crisis?
. Don’t confuse empty promises as doing something to help. Nothing is going to happen about anything until members of congress realize their jobs are on the line.

• Report Abuse

LPJ1959 Says:

Mon, Aug 04, 2008 at 1:22 pm

At least he is trying to help that is more than the rest are trying to think about why hasent
bush tryed this to help but no he giting rich on hie gas prices.

• Report Abuse

BamaBob Says:

Mon, Aug 04, 2008 at 1:01 pm

I’ve heard republicans also suggest lowering the national reserves, but I sure would like to know more about this idea. Something about it seems to go against common sense.
. We are at war in the Middle East. We import a lot of oil from the Middle East. What happens if that war should intensify given Iran’s refusal to shut down nuclear weapons development? How do we replenish the oil reserve and keep our military mobility intact, if we are not going to up production in this country?

• Report Abuse