Obama Taps ‘Day and a Half Use’ Of Oil From Reserves

by Cristy Li on June 24, 2011

in Economy

Only 44% of Voters Give Obama Positive Marks on Leadership –Rasmussen Reports

With his public approval numbers dwindling, President Obama Taps Strategic Petroleum Reserves (SPR) to drive down rising gasoline prices, in which he claimed just a few months ago were merely, “…a temporary political talking point.”

The price of a barrel of oil quickly dropped $4.00 yesterday following the announcement but any effect that may have at the pump, won’t be felt for another month.

More here from Washington Examiner

Related: Obama Releases About ’1.50 Day’s Use’ of Oil from SPR –Qando Magazine

Obama’s Release of Oil Reserves Just Makes Our Problems Worse, Not Better

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