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Article: United States : White House rejects call to release emergency oil.
- Article from:
- TendersInfo
- Article date:
- July 12, 2008
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Byline: manish03
The White House on Tuesday rejected a call from House Speaker Nancy Pelosi to release oil supplies from the U.S. Strategic Petroleum Reserve to help bring down fuel prices.
In a letter on Tuesday, Pelosi asked President George W. Bush to order a drawdown of "a small portion of the oil" held in the emergency stockpile and put more supplies on the market to "reduce the record prices that are helping push the economy toward recession."
Pelosi pointed out that the Energy Department can get oil from the reserve to the market within 13 days after a presidential order to tap the stockpile.
Pelosi's request followed a new ...