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Oil Rhetoric Gets Silly
It might as well be a mathematical formula: High gas prices + oncoming election = stupid policy, writes Ruth Marcus in the Washington Post. John McCain, once the possessor of a sensible energy plan,...
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Why You Should Stop Worrying About Oil Shortages
Energy security has become a matter of major public hand-wringing, but everyone ought to calm down, write Eugene Gholz and Daryl G. Press in the New York Times . Our oil supplies are perfectly safe—the...
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IEA to Release 60M Oil Barrels
The International Energy Agency will release 60 million barrels of oil over the next month, in a bid to “offset the Libyan disruption,” the group announced today. The oil will come from the strategic...
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Geithner Open to Using Oil Reserves
The Obama administration is open to using the strategic petroleum reserve if necessary to deal with rising gas prices, Timothy Geithner said in a CNBC interview, though he didn't sound terribly...
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Gas Prices Not Really the President's Fault
As gas prices rise, President Obama's approval rating falls , which makes sense, because those painful numbers at the pump are all his fault, right? Wrong, say oil experts and economists. The...
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Obama, Cameron Huddle on Oil Release
With Americans facing spiraling prices at the gas pump that could threaten a nascent economic recovery, President Obama and British PM David Cameron yesterday chewed over the possibility of tapping the...
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Obama May Tap Oil Reserves
Think the price of gas is getting too high? The Obama administration agrees. It's currently "dusting off old plans" to potentially tap the Strategic Petroleum Reserve, a source tells Reuters . Driving...
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Biden to Pull 50M Barrels of Oil From Strategic Reserve
The White House on Tuesday said it had ordered 50 million barrels of oil released from the strategic reserve to bring down energy costs, in coordination with other countries including China. The move...
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Biden Making Another Move to Keep Gas Prices From Skyrocketing
President Biden is authorizing the release of another 15 million barrels from the Strategic Petroleum Reserve and will announce the move Wednesday, sources say. The release, expected sometime in...
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