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Ag News
Grassley: Stop Filling Strategic Petroleum Reserve
Published Wednesday, May 07, 2008 at 04:55 AM
The U.S. Strategic Petroleum Reserve currently holds over 700 million barrels of crude oil. Grassley wrote, - there are few actions that can be taken that will have a near term impact on the price of oil and gasoline. However, halting the deposits of crude oil in the SPR is a small but positive step that can increase the supply of crude oil in the market, and hopefully reduce the price at the pump. Grassley asked for – quick action.
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