letter from Jack Reed, U.S. Senator

Started by Anonymous, May 15, 2008, 02:20:43 AM

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Anonymous

QuoteHalting Government Purchase of Oil for the Strategic Petroleum Reserve

With oil and gas prices at record highs, we should not be taking more oil off the market and storing it underground.  But while Americans are paying record high gas prices at the pump, the Bush Administration is paying oil companies record high prices to continue placing over 70,000 barrels of oil a day underground in the Strategic Petroleum Reserve (SPR), which is 97 percent full.  This doesn