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    How the Strategic Petroleum Reserve Affects Gas Prices

    What happened to gasoline prices the last time Obama invoked a coordinated release of the Strategic Petroleum Reserve? Before Obama announces the SPR release, the price is already declining. He announces, and the price continues to decline; then, it levels off and starts to go back up. Immediately upon the … More

    Releasing Oil from SPR Still Not a Good Idea

    Reuters reported that President Obama and Prime Minister David Cameron discussed jointly releasing oil from emergency reserves. Although the White House denied the report, releasing oil from our nation’s Strategic Petroleum Reserve is still not a good idea. The Strategic Petroleum Reserve (SPR), managed by the Department of Energy (DOE), … More

    Misguided: Tapping the SPR Just to Do "Something" About High Gas Prices

    Democrats are urging President Obama to tap the Strategic Petroleum Reserve (SPR) to avert “potential danger to the economy” and improve “the [P]resident’s reelection chances,” Politico reports. Tapping the SPR, which exists for moments of national crisis, would constitute playing politics with a national security asset in addition to being … More

    Morning Bell: Blame the Washington Bureaucracy for High Gas Prices

    Americans are paying more for gasoline today than they were six weeks ago when President Obama released 30 million barrels of oil from the Strategic Petroleum Reserve. In the Gulf of Mexico, meanwhile, 10 drilling rigs — more than one-third of the fleet — have left on Obama’s watch. This … More

    Morning Bell: President Obama Abuses Nation's Oil Reserves

    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 … More

    Morning Bell: Don't Tap the Strategic Petroleum Reserve

    As gas prices hit $4 per gallon, White House spokesman Jay Carney assured Americans on Monday that the administration is well aware of the toll high fuel costs are taking on American families. So what’s President Obama’s solution to America’s pain? According to White House chief of staff Bill Daley, … More

    In Pictures: Bush Vs. Obama On Gas Prices

    As Americans continue to feel the effects of President Obama’s anti-oil agenda at the pump, defensive liberals are circling back to a familiar line of counter-attack: blame Bush.  The media vacuum on gas prices has made this line of attack all the more promising with very little national coverage being … More