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Tuesday, March 20, 2012

postheadericon It's time to tap the Strategic Petroleum Reserve

Even as we have seen some promising jobs indicators in recent months, we are still at an extraordinarily delicate time for our economy. In the wake of the recent recession, millions of American families are struggling to put food on the table, send their children to college, and hold on to their homes. The last thing these families need right now is to face rising prices at the pump. To lower gas prices and help both American consumers and the American economy get back on their feet, I strongly urge the president to release oil from the Strategic Petroleum Reserve as soon as possible.
 
Since Iran threatened to block the Strait of Hormuz at the end of December, gas prices have gone up 57 cents. These high oil prices affect every aspect of Americans’ lives â€" Not just the cost of traveling, but of heating homes, food and other purchases. In fact, the cost of everything goes up, further extending family budgets already stretched to the limit and threatening to! derail the prospects for economic recovery.

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