Van Hollen: Tap Oil Reserve to Cut Gas Prices

Sunday, 01 May 2011 09:44 AM

By Hiram Reisner

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
House Budget Committee Ranking Member Rep. Chris Van Hollen says it might be time to tap the nation’s Strategic Petroleum Reserve Chris Van Hollen, Gas Prices, Strategic Petroleum Reserveto help bring down gas prices in the short term, Politico reports.

"We’ve seen a supply disruption as a result of Libya, which has helped feed a speculative bubble," Van Hollen, D- Md., said Sunday on CNN’s “State of the Union.” “The only way to address that in the very short term is to consider releasing some of the oil from the Strategic Petroleum Reserve.

Wyoming GOP Sen. John Barrasso, speaking on the same show, disagreed.

“The strategic reserve has oil of about 66 days,” Barrasso said. “It’s there for specific emergencies — this isn't it.”

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Survivor Winner Natalie Anderson Played the Game Well: Host Jeff Probst

Thursday, 18 Dec 2014 09:21 AM

Natalie Anderson was named the winner of CBS' "Survivor: San Juan del Sur , Blood vs. Water" season on Wednesday, edging . . .

Kurt Busch Testify: NASCAR Driver Says He Didn't Slam Ex's Head into Wall

Thursday, 18 Dec 2014 09:16 AM

NASCAR driver Kurt Busch testified Wednesday in a Delaware court that his ex-girlfriend's claim that he smashed her head . . .

Santa Robs Bank, Blends in With San Francisco SantaCon Crowd

Thursday, 18 Dec 2014 09:00 AM

A man dressed as Santa played the Grinch in San Francisco by robbing a bank amid all the hoopla of a nearby SantaCon eve . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved