U.S. Faces Increased Pressure to Tap Strategic Oil Reserve
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The Obama administration faces increasing pressure from Democrats to draw on the Strategic Petroleum Reserve if political unrest in Libya keeps pushing up fuel prices.
“We must be prepared to tap that emergency supply,” Jon Summers, a spokesman for Senate Majority Leader Harry Reid, said in an e-mail today. “The main purpose of the Strategic Petroleum Reserve is to protect against significant disruptions of our nation’s oil supply.”