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Article: SEN. MENENDEZ SAYS PRESIDENT BUSH IGNORES OPTIONS TO HELP LOWER GAS PRICES IN SHORT TERM
- Article from:
- US Fed News Service, Including US State News
- Article date:
- July 15, 2008
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The office of Sen. Robert Menendez, D-N.J., issued the following news release:
In a press conference today, President Bush dismissed measures to help lower gas prices in the short term, including a crackdown on unchecked oil speculation and diverting oil from the Strategic Petroleum Reserve to the marketplace. Instead, the president continued to tout a plan to drill up and down the U.S. coastlines, which wouldn't produce a drop of oil until 2017 and would never produce enough oil to make a difference for gas prices.
U.S. Senator Robert Menendez (D-NJ), a leading defender of the coastline and author of the COAST Act to permanently ban drilling in the Outer Continental Shelf, responded to ...