Oil prices dropped 33% when Bush Sr tapped the SPR during the Gulf war in '91. They dropped 19% when Clinton tapped it in 2000 and 9% when Bush tapped it after Katrina.
With the economy as fragile as it is, and with Republicans clamoring for budget cuts that could further slow the recovery, now is the time for Obama to get off his butt and act before we have another recession on our hands.
http://money.cnn.com/2011/02/24/news/economy/oil_reserve/
and:
http://money.cnn.com/2011/02/26/news/economy/gas_prices/index.htm?hpt=T1
With the economy as fragile as it is, and with Republicans clamoring for budget cuts that could further slow the recovery, now is the time for Obama to get off his butt and act before we have another recession on our hands.
http://money.cnn.com/2011/02/24/news/economy/oil_reserve/
and:
http://money.cnn.com/2011/02/26/news/economy/gas_prices/index.htm?hpt=T1
