Democrats Want to Use US Oil Stockpile to Relieve High Prices; It Won’t Work!
Due
to fears over the situation in Iran, amongst other things, oil prices
are at a nine month high, and petrol prices are also at near record
levels. These high prices have spurred Democratic Representatives Ed
Markey of Massachusetts, Peter Welch of Vermont, and Rosa DeLauro of
Connecticut, to write a letter to Obama in order to ask him to use oil
stockpiles to help reduce the price of oil in the US. The US holds 696
million barrels of oil, the world’s largest, government owned stockpile,
to be used in times of low oil supply. “This…Read more...
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