Reuters reported yesterday that President Obama and Prime Minister Cameron inked a deal to tap into the strategic oil reserves, a move that would lower the price of gas in the U.S. during an election year. The White House denied the report, but it could potentially be a trial balloon for the administration. Today, liberal Democratic members of Congress started calling for President Obama to go ahead with the plan. The Hill reports:
Reps. Edward Markey (D-Mass.), Rosa DeLauro (D-Conn.) and Peter Welch (D-Vt.), longtime proponents of releasing oil from the Strategic Petroleum Reserve, said Friday they are gathering support for the letter and hope to send it to Obama next week. …
“We are writing you because we believe that it is essential that the United States have an aggressive strategy for releasing oil from the Strategic Petroleum Reserve to combat the speculators capitalizing on the fear in oil markets and to send a message to Iran that we are ready, willing and able to deploy our oil reserves,” the letter says.
