[net-gold] PETROLEUM : PRICES AND PRICING : PETROLEUM: RESERVES : CONSUMERS : UNITED STATES: GOVERNMENT: Calls Mount to Tap U.S. Oil Reserves
- From: "David P. Dillard" <jwne@xxxxxxxxxx>
- To: Net-Gold -- Educator Gold <Educator-Gold@xxxxxxxxxxxxxxx>, Educator Gold <Educator-Gold@xxxxxxxxxxxxxxxx>, net-gold@xxxxxxxxxxxxx, Net-Gold <Net-Gold@xxxxxxxxxxxxxxx>, NetGold <netgold@xxxxxxxxxxxxxxx>, Net-Gold <net-gold@xxxxxxxxxxxxxxxx>, K-12ADMINLIFE <K12ADMIN@xxxxxxxxxxxxxxxxxxx>, K12AdminLIFE <K12AdminLIFE@xxxxxxxxxxxxxxx>, MediaMentor <mediamentor@xxxxxxxxxxxxxxx>, Digital Divide Diversity MLS <mls-digitaldivide@xxxxxxxxxxxxxxx>, NetGold <netgold@xxxxxxxxxxxxxxxx>, Net-Platinum <net-platinum@xxxxxxxxxxxxxxx>, Sean Grigsby <myarchives1@xxxxxxxxxxxxxxx>, Net-Gold <NetGold_general@xxxxxxxxxxxxxxxxx>, Temple Gold Discussion Group <TEMPLE-GOLD@xxxxxxxxxxxxxxxxxxx>, Temple University Net-Gold Archive <net-gold@xxxxxxxxxxxxxxxxxxx>, Health Lists -- Health Diet Fitness Recreation Sports Tourism <healthrecsport@xxxxxxxxxxxxxxxx>, Health Diet Fitness Recreation Sports <healthrecsport@xxxxxxxxxxxxxxx>, HEALTH-RECREATION-SPORTS-TOURISM@xxxxxxxxxxxxxxxxxxx
- Date: Mon, 7 Mar 2011 00:18:38 -0500 (EST)
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PETROLEUM :
PRICES AND PRICING :
PETROLEUM: RESERVES :
CONSUMERS :
UNITED STATES: GOVERNMENT:
Calls Mount to Tap U.S. Oil Reserves
Calls Mount to Tap U.S. Oil Reserves
By JOHN M. BRODER and CLIFFORD KRAUSS
Published: March 3, 2011
http://www.nytimes.com/2011/03/04/business/energy-environment/04oil.html
WASHINGTON As oil prices have risen in recent weeks, calls have been
growing in Congress for the Obama administration to consider tapping into
the nations strategic petroleum reserve, which is now at its full capacity
of 727 million barrels.
.
Senator Jeff Bingaman, the influential chairman of the Senate Energy and
Natural Resources Committee, this week added his voice to the chorus,
urging President Obama to be prepared to consider a significant sale of
oil from the reserve to stabilize prices and temper any disruption in
supply.
.
Between the lost production in Libya, the crude oil dislocation associated
with additional Saudi production and the prospect of further turmoil in
the region, Mr. Bingaman, Democrat of New Mexico, said in a floor
statement late Wednesday, we are now unquestionably facing a physical oil
supply disruption that is at risk of getting worse before it gets better.
.
He said that previous sales from the reserve had quickly brought domestic
oil prices down and calmed edgy markets.
.
Other members have raised similar suggestions, saying that a sale at the
current price of nearly $100 a barrel could produce billions of dollars to
ease pressures on the federal deficit and accelerate policies intended to
reduce oil consumption, like tax incentives for the purchase of electric
and hybrid vehicles.
.
.
The complete article may be read at the URL above.
.
.
Sincerely,
David Dillard
Temple University
(215) 204 - 4584
jwne@xxxxxxxxxx
http://daviddillard.businesscard2.com
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