Question Details

Will oil reserves be released before the election?

Will oil reserves be released before the election?

Asked by: Super Userkruijs in Politics » United States
Settled on 11/05/2012 22:05 Settled by Super Userkruijs
Winning option:No http://en.wikipedia.org/wiki/Strategic_Petroleum_Reserve_%28United_States%29#Drawdowns

Predictions

Yes
Yes
No
No

Background

The White House is "dusting off old plans" for a potential release of oil reserves to dampen rising gasoline prices and prevent high energy costs from undermining the success of Iran sanctions, a source with knowledge of the situation said on Thursday.

U.S. officials will monitor market conditions over the coming weeks, watching whether gasoline prices fall after the September 3 Labor Day holiday, as they historically do, the source said.

It was too early to say how big a drawdown would be from the U.S. Strategic Petroleum Reserve and, potentially, other international reserves if a decision to proceed was taken, the source said.

http://www.reuters.com/article/2012/08/16/us-usa-oil-reserves-idUSBRE87F13T20120816

Find similar: 2012, presidential election, oil reserve

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