Monday, August 04, 2008

Obama Calls for Opening of Strategic Oil Reserve, Windfall Profits Tax - America’s Election HQ

 

Earlier this year, Obama supported capping new additions to the reserve as a way to ease pressure on gasoline prices, but not specifically tapping into the reserve. In July, he said he didn’t support tapping the reserve, saying it only should be used in a “genuine emergency.”

But increasing fuel costs have led some Democrats — chiefly House Speaker Nancy Pelosi — to look to the oil reserve for fresh supplies.

Obama campaign spokeswoman Heather Zichal said that while Obama didn’t initially support tapping the reserve, he has reconsidered. “He recognizes that Americans are suffering,” she said.

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Obama Calls for Opening of Strategic Oil Reserve, Windfall Profits Tax - America’s Election HQ

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