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Source: video.msn.com --- 111 days ago
May 16: MSNBC's Mike Viqueira reports that President Bush will suspend oil deliveries into the government’s Strategic Petroleum reserve. ... Source: www.cnn.com --- 111 days ago
oil prices retreated from a record high near $128 a barrel Friday after the government said it would halt deliveries to the strategic oil reserves. ... Source: money.cnn.com --- 111 days ago
The government said Friday that it would halt deliveries to the strategic oil reserves in July. ... Source: money.cnn.com --- 114 days ago
Read full story for latest details. ... Source: www.boston.com --- 113 days ago
WASHINGTON - Jittery about a political backlash over gasoline costs as prices set yet another record yesterday, Congress voted to halt deliveries to the Strategic Petroleum reserve in defiance of President Bush. ... Source: www.sfgate.com --- 114 days ago
The Senate, in a direct challenge to President Bush, voted Tuesday to temporarily halt the shipment of thousands of barrels of oil a day into the government's emergency reserve. Both Democrats and Republicans said such shipments make no sense when oil is... ... Source: hosted.ap.org --- 114 days ago
WASHINGTON (AP) -- Congress voted overwhelmingly Tuesday to challenge President Bush to temporarily halt the daily shipment of thousands of barrels of oil into the government's emergency reserve.... ... Source: hosted.ap.org --- 114 days ago
WASHINGTON (AP) -- The Senate, in a direct challenge to President Bush, voted Tuesday to temporarily halt the shipment of thousands of barrels of oil a day into the government's emergency reserve.... ... Source: www.rthk.org.hk --- 109 days ago
The United States is halting shipments to its strategic oil reserve for the second half of the year, after Congress passed a bill calling for the suspension. As oil prices hit new highs, near 128 dollars a barrel, the Energy Department announced it had not signed a six-month contract for deliveries to the US Strategic Petroleum reserve, the world's largest stockpile of government-owned emergency crude oil.The decision affects up to 13 million barrels of crude oil. President Bush will not veto the bill. ... Source: www.charlotte.com --- 57 days ago
House Speaker Nancy Pelosi called on President Bush to release oil from the government's emergency reserve to knock down gasoline prices she says "are helping push the economy toward recession." Pelosi, D-Calif., in a letter to Bush noted that the Strategic Petroleum reserve has been used three times before and each time the action has served to stabilize oil markets and lower gas prices. Action is needed "to assist consumers and strengthen the economy," Pelosi said. The threats to the economy and national security from high oil prices "are the kind of circumstances ... in which utilization of the Strategic Petroleum reserve is more than justified," Pelosi wrote in the letter sent late Tuesday. Bush repeatedly has rejected calls to use oil from the government reserve, which is 97 percent full and currently holds about 702 million barrels of oil - enough to replace imports for two months. It's stored in salt caverns along the Louisiana and Texas coast. The Bush administration has maintained the oil is to be used only in response to a disruption of oil supplies. While oil prices currently are high, at more than $137 a barrel on Wednesday, there has been no supply shortage. Recently, Bush reluctantly agreed to halt shipments of about 70,000 barrels of oil a day into the emergency reserve after Congress directed him to do so. oil has been released from the emergency stockpile in the past in response to threatened or actual supply inter ... Source: www.courant.com --- 110 days ago
— Responding to congressional pressure, the Bush administration on Friday said it would suspend oil deliveries into the government's Strategic Petroleum reserve for the remainder of the year. ... Source: www.bradenton.com --- 111 days ago
WASHINGTON - The Energy Department says it has canceled oil shipments into the Strategic Petroleum reserve beginning in July when the current purchase contract expires. ... Source: www.ktvb.com --- 114 days ago
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Source: www.swamppolitics.com --- 58 days ago
by Matthew Hay Brown Three months ago, congressional Democrats began pressing President Bush to halt new shipments to the Strategic Petroleum reserve. Today, with gasoline prices still climbing, House Speaker Nancy Pelosi asked him to begin drawing the reserve down. "Deploying a small portion of the resources in the SPR would provide much needed assistance to American consumers facing record prices and help our economy during a serious period of instability," Pelosi wrote to Bush. "I strongly urge you to use every available tool, including deployment of the SPR, to provide timely relief for American consumers and businesses." Bush initially resisted the calls to stop adding 60,000 barrels of oil each day to the giant undergound caverns in Texas and Louisiana where the reserves are stored, but relented after Congress passed legislation to do so by veto-proof margins. It's unclear whether Pelosi's current request will garner the same bipartisan support. "The fact is, the American people expect and deserve far more than what Speaker Pelosi is proposing," House Minority Leader John Boehner said in a statement. The Ohio Republican did not indicate whether he favored drawing down the reserve. "With her call for President Bush to release supplies from the Strategic Petroleum reserve, the speaker is admitting yet again that increasing the supply of oil will help reduce the price of gasoline," Boehner said. "I agree that more supply is nec ...
Source: cbs4denver.com --- 113 days ago
Colorado's senators have split on temporarily suspending oil shipments to the federal emergency reserve, with Democrat Ken Salazar voting "yes" and Republican Wayne Allard casting the lone "no" vote. ... Source: publish.vx.roo.com --- 111 days ago
Responding to congressional pressure, the Bush administration on Friday said it is suspending oil... 5/2008 AP ... Source: www.nwcn.com --- 113 days ago
Amid daily bipartisan sniping over high gas prices, Democrats and Republicans appear to agree on at least one thing: With oil over $120 a barrel, President Bush ought to stop buying crude for the government emergency reserve. ... Source: www.timesrepublican.com --- 114 days ago
WASHINGTON - Congress voted overwhelmingly Tuesday to challenge President Bush to temporarily halt the daily shipment of thousands of barrels of oil into the government's emergency reserve. Lawmakers disagreed on what - if any - impact the suspension might have on gasoline prices and acknowledged it was but ''a modest step'' in addressing public anger over soaring energy costs. ... Find more results for oil reserve shipments on RSSMicro.com |
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U.S. Representative Michael Arcuri Thursday described steps Congress has already taken to bring down gas prices and invest in new alternative energy sources, as well as the benefits of locally produced alternative energy such as reduced costs and new jobs. “Rising gas costs increase the price of food, which puts hard-working families and seniors in the tenuous position of making ends meet,” said Arcuri, D - Utica, at a press conference held at Schuyler Wood Pellet, which produces lower cost wood pellet fuel and has created news jobs in the Mohawk Valley since opening in December 2007. “To add insult to injury, the extra money we pay at the pumps only adds to the record high profits of the big oil companies. In Congress, I’ve been working to address this problem that Washington has ignored for decades.” Of the bills discussed by the congressman, H.R. 5473 has been enacted by President George W. Bush and suspends shipments of oil to the U.S. Strategic Petroleum reserve until the average price of crude oil falls below $50 a barrel. Arcuri said with the reserve over 95 percent full, there is no risk to the nation’s overall strategic reserve or security. He also said the measure would increase domestic supply and save consumers money. Other bills meant to bring down gas prices and supported by Arcuri include H.R. 6377, which seeks to curb the excessive speculation taking place on the commodity and futures market, and H.R. 6251, which p ...
U.S. Rep. Randy Kuhl has a plan he claims will lower gasoline prices by $1.98 per gallon. Democrat Eric Massa, who wants to unseat him in the November election, charges Kuhl’s plan is flawed and offers one of his own. Meanwhile, three economists put in their two cents — one of whom laughed when the Messenger sought comment on figures politicians are using. In a visit to the Messenger last week, Kuhl said gas prices top the list of concerns he is hearing from his constituents in the sprawling 29th Congressional District that sweeps the Southern Tier and includes Yates County, parts of Monroe and all of Ontario County except Geneva. “We haven’t seen the worst of this issue,” said Kuhl, who supports a 14-point package of bills aimed at lowering gas prices with projects that include more drilling in Alaska and offshore coasts, building more nuclear power plants and oil refineries and promoting alternative fuels. A “gas chart” put out by the Office of the House Republican Whip shows just what a hot-button political issue gas prices have become. It attributes “at least” $1.98 worth of consumer savings per gallon to the GOP plan, due largely to increased drilling and new refineries. It labels the Democrats’ plan to levy new taxes on oil producers as a “debit” and savings from halting oil shipments to the Strategic Petroleum reserve as a mere 5 cents. Calling drilling in the Arctic National Wildlife Refuge part of a “short-term” tact to ...