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Keyword: obamaoilreserves

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  • Obama, GOP Want To Sell Off 40 Percent Of US Strategic Oil Reserves To Fund Gov’t Programs

    10/31/2015 5:45:29 PM PDT · by UMCRevMom@aol.com · 104 replies
    Daily Caller News Foundation ^ | 10/28/2015 | Michael Bastasch
    Lawmakers are pushing legislation that could result in the selling off of 266 million barrels of oil from the country’s Strategic Petroleum Reserve (SPR) over the next decade, mostly to fund more government spending. Legislation for health care, highway funding and financing the government could end up drawing on down on oil supplies meant for emergency situations. If all three bills are signed into law, some 266 million barrels, or nearly 40 percent, of the current 695 million barrel SPR would be sold off in the next decade to raise about $23 billion. “The 114th Congress has introduced three separate...