[OKC] U.S. could tap oil reserves as gasoline price surges

[Shauna Struby]

U.S. could tap oil reserves as gasoline price surges

(Reuters) - The U.S. government reiterated that it could tap its strategic
oil reserves in order to safeguard economic growth as surging gasoline
prices increase pressure for action.

While longstanding U.S. policy is to release reserves only in the event of a
significant and immediate supply shortage, some analysts say the Obama
administration may feel compelled to try to tamp down prices that are being
fueled both by outages in Libya and concern unrest could spread in the
Middle East.

Full article here ::: http://reut.rs/f3moS9 

 

Shauna Lawyer Struby

imagine, innovate, collaborate, transition

Co-chair, Transition OKC

Past-president, Sustainable OKC

www.goinglocalokc.org <http://www.goinglocalokc.org/> 

www.sustainableokc.org <http://www.sustainableokc.org/>  

Fresh Greens blog <http://freshgreens.typepad.com/> 

 

-------------- next part --------------
A non-text attachment was scrubbed...
Name: winmail.dat
Type: application/ms-tnef
Size: 3850 bytes
Desc: not available
URL: <http://lists.sustainableokc.org/pipermail/okc-sustainableokc.org/attachments/20110307/5eeacce4/attachment.bin>