The Hill News

Despite his recent spin about presiding over an increase in domestic production, since the beginning of his Administration, President Obama has worked to sabotage American energy development. As a result of restricting access to domestic resources and implementing restrictive regulations which hike energy costs, American families are suffering.

With gasoline near $4 per gallon around the country, the President is under increasing political pressure from the left to release oil from the Strategic Petroleum Reserve (SPR). However, lowering gas prices requires a sensible, long term solution, not a one-time short-term fix. Dumping our emergency reserve into the market with a moment’s notice will only make a bad situation worse.

Tapping the SPR in this environment won’t have a meaningful impact on gasoline prices. Last summer, when President Obama released oil from the SPR, prices rose again the next week. A one-time infusion won’t fool OPEC nations! into believing that America can manage world oil prices. A unilateral draw on our own reserve would do little to affect world price because other producing nations, especially OPEC, would simply reduce production to offset our meager addition.

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