Thursday, March 15, 2012

Obama to Tap Political Petroleum Reserve

Reuters: Exclusive: U.S., UK set to agree emergency oil stocks release:
Britain has decided to cooperate with the United States on a release of strategic oil stocks that is expected within months, two British sources said, in a bid to prevent fuel prices choking economic growth in a U.S. election year.
I don't see any point in continuing to call it the "Strategic" Petroleum Reserve when it's sole purpose for decades now has been political.

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