“In a 97-1 vote, the Senate approved a Democratic proposal that would put on the market an additional 70,000 barrels of oil per day by suspending contributions to the Strategic Petroleum Reserve (SPR). The SPR, which stores an emergency supply of oil, is already 97 percent filled.”
So who says that Democratic Senator Jeff Bingaman who chairs the Senate Energy and Natural Resources Committee can not step up to the plate and lead the way when we need him most. Looks like we have a home run.
“At over $126 a barrel, it simply makes no sense to be sticking oil underground. Industry analysts, the Government Accountability Office and quite likely a majority of Senators believe this is the wrong energy policy and the wrong fiscal policy,”
Now let’s see how long it takes George W. Bush to sign this one into law.