Open Strategic Petroleum Reserve to battle high oil prices
Giuliani repeated his criticism of the Clinton administration’s refusal to free up part of the nation’s Strategic Petroleum Reserve to counterbalance the soaring cost of oil. In Plattsburgh, close to the Canadian border, Giuliani said he had visited the
frigid city because it had experienced “the biggest impact in the state” from a sharp spike in oil prices. He said the increases in oil prices provides “an illustration of what I can do if elected to the Senate. I am willing to take on the president.”
Source: Thomas Lueck, New York Times
Feb 17, 2000
Oil crisis is “compelling justification” to use Reserves
One of the purposes of the Strategic Petroleum Reserve is to protect Americans from market manipulations and artificial shortages created by OPEC. The current crisis in the Northeast presents a compelling justification for the
release of a portion of the reserves. I urge the President to sell some of the nation’s Strategic Petroleum Reserves to offset the recent dramatic increase in the price of home heating oil in New York City.
Source: Address on Heating Oil Crisis
Feb 15, 2000
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