President Obama Abuses Nation’s Oil Reserves
The President’s own Energy Information Administration (EIA) estimates that U.S. production in the Gulf has declined by 220,000 barrels a day since Obama’s moratorium (which still persists) began.
By Heritage Foundation —— Bio and Archives--June 24, 2011
American Politics, News | Comments | Back To Full Article
By Rory Cooper
When it comes to making bad energy policy decisions, President Obama is a pro. Yesterday was no exception when the Obama Administration announced it would release 30 million barrels of oil from the Strategic Petroleum Reserve (SPR). This is part of an agreement with the International Energy Agency (IEA) to put a total of 60 million barrels on the market in the next 30 days. Another 27 nations will make up the other half of the oil needed.
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