Thursday, June 23, 2011

OBAMA TAPS OIL RESERVES!

Press Release from U.S. Senator Kirsten Gillibrand ::: President Obama has decided to release oil from the Strategic Petroleum Reserve (SPR). In a letter earlier this year to the President, Senator Gillibrand delineated the urgency of an SPR drawdown. Gas Prices across New York are 36 percent higher than this time last year. The drawdown of 30 million barrels will help to stabilize gasoline prices.

“I applaud President Obama’s decision to release oil from the SPR,” Senator Gillibrand said. “With our families already struggling in this difficult economy, the last thing we need is for gasoline prices to continue to skyrocket. This release will stabilize gas prices and provide crucial relief to families here in New York and across the country.” OK. Ripped from Drudge:


OIL PLUNGE AFTER RESERVES RELEASED...
30 million barrels will last U.S. -- a day and a half...
Dow plummets 200+ points...
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