LANSING, Mich. (AP) - In a reversal, Barack Obama is proposing
the government sell 70 million barrels of oil from its strategic
petroleum stockpiles.
The Democratic presidential candidate says that move could help
in the short-run to drive down gasoline prices that now top $4 a
gallon. The proposal came in a major energy speech Obama has
delivered Monday in Lansing, Mich. Previously, Obama opposed
tapping into the reserves, located in caverns in Texas and
Louisiana.
The Illinois Democrat says releases from the reserve in the past
have lowered gas prices within two weeks.
Obama said U.S. politicians have failed for three decades to
deal with the energy crisis, and he said his GOP rival John McCain
has been part of that failure.
NewsNews
Obama: Sell Strategic Petroleum Stockpiles
The Illinois Senator says it's a move that could help drive down soaring gas prices. He had previously opposed tapping into the oil reserves
By:
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WKRG-TV
Published: August 04, 2008
Published: August 04, 2008
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