O.k., I really need some help with this. Pelosi and many Democrats are resolutely against increasing domestic oil drilling or increasing supply, they are against high oil prices, they think speculators and oil companies are the primary reason oil prices are as high as they are. Yet, she thinks releasing a small amount of oil from our strategic oil reserves will lower prices. Can some one make sense of this?
Quote:
House Speaker Nancy Pelosi is calling on President Bush to release oil from the Strategic Petroleum Reserve in order to bring down prices.
Pelosi (D-Calif.) announced to Democratic leaders Tuesday night that she has written a letter to President Bush, urging him to release a “small” amount of oil from the government stockpile to increase supply and decrease prices, a leadership aide said.
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http://thehill.com/leading-the-news/...008-07-08.html