Obama prepared to tap oil reserves (via CNN Political Ticker)

Posted: March 11, 2011 in Uncategorized

New York (CNNMoney) — President Obama said Friday that he is prepared to tap the nation's strategic oil reserves to deal with any supply disruptions as part of his effort to keep gas prices under control. Obama attributed the recent run-up in oil and gas prices to increased global demand, combined with uncertainty in the oil market due to political turmoil in North Africa and the Middle East. … Read More

via CNN Political Ticker

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