Categorized | National News

Obama Releasing 30M Barrels From U. S. Oil Reserve

In an attempt to offset another surge in gas prices, President Obama has called for a release of 30 million barrels of oil from the U.S.’s emergency reserves.

Oil and gas prices are expected to increase due to lost oil supplies caused by troubles in the Middle East and North Africa, and more specifically the country of Libya.

White House officials would not predict how the release will affect prices at the pump, although the move is intended to increase U.S. supplies during the peak summer driving season.

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