Obama, Cameron Huddle on Oil Release

President testing leaders' pulse on lowering gas prices

By Polly Davis Doig,  Newser Staff

Posted Mar 15, 2012 8:07 AM CDT

(Newser) – With Americans facing spiraling prices at the gas pump that could threaten a nascent economic recovery, President Obama and British PM David Cameron yesterday chewed over the possibility of tapping the Strategic Petroleum Reserve. The president has taken a drubbing both in approval ratings and from Republicans quick to blame his energy policies, and faces a tricky balance between achieving real relief and accusations of playing election-year politics. No agreement was reached, but Obama is likely beginning to test global leaders' appetite for such a move, notes Reuters. "We will continue to work together to address energy security and oil price issues," says a senior White House official. It could be months before a decision is made.

President Obama and British PM David Cameron in a joint news conference in the Rose Garden, Wednesday, March 14, 2012.   (AP Photo/Charles Dharapak)
President Barack Obama confers with British Prime Minister David Cameron during official welcoming ceremonies, March 14, 2012.   (Getty Images)
President Barack Obama and Britain's PM David Cameron arrive in the Rose Garden, Wednesday, March 14, 2012.   (AP Photo/Carolyn Kaster)
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