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Wednesday, February 29, 2012
Should Obama tap America's emergency oil supply? (The Week)
[unable to retrieve full-text content]The Week - With gas prices climbing worryingly high, the president is under pressure from all sides to do something before rising costs derail the recoveryWith oil and gasoline prices rising dramatically, Republicans and Democrats alike are demanding action to keep energy costs from shattering the fragile economic recovery. The national average price for a gallon of gas hit $3.65 last week, inching perilously closer to the critical $4-a-gallon level. While GOP politicians are reviving their "drill, baby, drill" calls, saying increasing domestic oil supply is the key to energy independence, Democrats are urging President Obama to tap into the nation's Strategic Petroleum Reserve to bring down oil prices. Should Obama turn on the spigots?
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