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CUELLAR ON RELEASE OF STRATEGIC PETROLEUM RESERVES




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June 23, 2011 | 1567 views | 2 comments

Washington, D.C. -- Congressman Henry Cuellar (TX-28) released the following statement today after the Obama Administration announced that the U.S. and its partners in the International Energy Agency would release a total of 60 million barrels of oil onto the world market to offset the demand of oil. In contributing to the effort, the U.S. will release 30 million barrels of oil from the Strategic Petroleum Reserve:

“In the past few months, the American people have been dealt a serious financial burden because of high gas prices. The Administration’s announcement on the release of 30 million barrels of oil from the Strategic Petroleum Reserve is the right move as the issue of high gas prices affects the daily lives of all. I have been working on a similar legislative effort to reduce the price of gas and help the American people as they face tough economic times.

“Last month, I introduced H.R. 1914, the Gas Price Stabilization Act of 2011, which calls for the sale of 70 million barrels of oil from the Strategic Petroleum Reserve. I urge Congress to take an active role along with the Administration in lowering gas prices and stabilizing oil markets.”

Congressman Henry Cuellar is a member of the U.S. House Homeland Security and Agriculture Committees. Job creation, accessibility to constituents, education, economic development, and national security are his priorities. Congressman Cuellar is also a Vice Chairman of the Steering and Policy Committee, Senior Whip, and member of the Blue Dog Coalition.
 
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Your Opinions and Comments
 
Alvin Charmaine  
June 24, 2011 7:04am
 
 
Release oil, thus insuring oil prices remain high as suppliers anticipate you replacing your reserves.

When we gonna learn that supply and demand coupled with competition ... Read More Read More
 
 
Elaine K.  
Floresville  
June 23, 2011 4:55pm
 
 
New comment posted.
 

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