Gas Prices Climb Toward $4; Time to Tap Strategic Oil Reserves?

For the first time since fighting in the Middle East sent gasoline prices skyrocketing, President Obama is thinking about tapping the country's oil reserves. "We're looking at the options. The issue of the reserve is one we are considering," Obama's Chief of Staff Bill Daley said today on NBC's "Meet the Press." But he added: "It is something that only is done and has been done on very rare occasions." He is talking about the nation's Strategic Petroleum Reserve. It's along the Gulf coast and...Full Story
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