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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: strategic petroleum reserve

strategic petroleum reserve stories: 6 news summaries

Opinion

Why You Should Stop Worrying About Oil Shortages

We're well-stocked for any realistic calamities

(Newser) - Energy security has become a matter of major public hand-wringing, but everyone ought to calm down, write Eugene Gholz and Daryl G. Press in the New York Times. Our oil supplies are perfectly safe—the US, its businesses, and its allies have more than enough oil to weather any... More »

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Iran energy oil supply foreign oil strategic petroleum reserve

Opinion

 Oil Rhetoric Gets Silly

Promises get bigger, and policy gets dumber

(Newser) - It might as well be a mathematical formula: High gas prices + oncoming election = stupid policy, writes Ruth Marcus in the Washington Post. John McCain, once the possessor of a sensible energy plan, now screeches incessantly about outer-continental shelf drilling, as though this would instantly solve the energy... More »

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Barack Obama John McCain Obama 2008 gas prices oil drilling McCain 2008 strategic petroleum reserve energy policy

 Obama: Time
 to Tap Oil
 Reserves 

Democrat flips policy position, cites crisis

(Newser) - Barack Obama called for a release of some of the strategic petroleum reserve today, dubbing the current energy crisis “one of the most dangerous and urgent threats this nation has ever faced.” Campaigning in Michigan, Obama outlined his energy plan, which he says will create 5 million “... More »

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Barack Obama Obama 2008 gas prices Energy crisis strategic petroleum reserve

 $6 Gas Possible by Year's End 

With oil near $150 a barrel, experts say $200 is a very real number for 2008

(Newser) - As oil flirts with $150 a barrel, nearly double its price from last year, the specter of $6 a gallon gas at US pumps has become more real. A plethora of factors—from the threat of conflict with Iran to tight supplies and a weak dollar—continue to exert upward... More »

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gas prices oil price oil production $100 a barrel oil oil reserves economy strategic petroleum reserve

updated

Congress
Votes to Stop Stockpiling Oil

House and Senate want no more sent
to national reserve

(Newser) - The House and Senate voted today for a pause in deposits to the Strategic Petroleum Reserve in an effort to stem rising prices, the Los Angeles Times reports. The White House expressed skepticism about the measure, but the Senate backed it 97-1 and the House passed a similar bill 385-25.... More »

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Barack Obama Hillary Clinton Congress oil Senate oil price oil production strategic petroleum reserve Byron Dorgan

(Newser) - The government is pumping 60,000 barrels of oil a day into a “rainy day” reserve, but with oil prices at a record high, many argue that it’s already raining. That includes the presidential candidates, all of whom want to at least stop adding to the Strategic Petroleum... More »

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Barack Obama Hillary Clinton energy John McCain oil oil price oil reserves George W. Bush strategic petroleum reserve

6 Stories