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Breaking News


Cuellar statement on Release of Strategic Petroaleum Reserves




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Contributed
June 24, 2011, 9:23am
2,337 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.
 

Your Opinions and Comments

 
Resident  
Stockdale  
June 27, 2011 1:56pm
 
why this wasn't done when gas was approaching $3/gallon I do not know. What I do know is that gas prices where coming down so why the urgency to bulk up supply now?? I'll tell you why.....because the concept of "strategic" ... More ›

 
The Marcelina Muse  
Dry Tank, TX  
June 24, 2011 9:45am
 
Hank, I know you are kind of slow but how about this; INCREASE THE SUPPLY!!! Get your Demo administration to issue domestic drilling permits. Draw down the strategic reserve? Why do we have a strategic reserve? How are you going ... More ›

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