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Senators Ask Bush To Tap Oil Reserves

Bad Credit Credit Creditres A group of senators sent President Bush a letter on Thursday asking him to release 15 million barrels of oil from the domestic petroleum reserves unless Saudi Arabia increases its oil exports to the United States.

Charging that the recent spike in gas prices is due to the decrease in Saudi oil exports, the 32 senators said the higher costs are hindering America's economic growth. By tapping the reserves, they said, ``the United States can protect its economic stability and force oil producers from the Middle East to engage in fair production and export policies.'' According to the Energy Department, Saudi oil exports dropped by 500, - a 25 percent decrease.

Bad Consolidation Credit Debt Charging that the recent spike in gas prices is due to the decrease in Saudi oil exports, the 32 senators said the higher costs are hindering America's economic growth.

The oil and gas industries donated more than $32 million to candidates and political parties in the last election, and now the Congress and President Bush want to open the pristine and irreplaceable Arctic National Wildlife Refuge for oil exploration. Last week, Senators rejected higher fuel economy standards for cars, SUVs and other light trucks, which would have saved millions of barrels of oil a day and reduced our dependence on oil. Senators who voted against raising fuel economy standards received an average of $18, 000 from the auto industry and those who supported raising the standards accepted an average of $5, 500 from the auto industry.

Bad Company Credit Repair By tapping the reserves, they said, ``the United States can protect its economic stability and force oil producers from the Middle East to engage in fair production and export policies.''

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Bad Card Credit Credit According to the Energy Department, Saudi oil exports dropped by 500,000 barrels a day in early August -- a 25 percent decrease.

"If we were not married and Hillary asked me to do this, to be here tonight, I would be here, " the former president said. In her speech, the New York senator blasted the Bush administration on everything from failure to address problems with global warming to education and the economy. She aimed her sharpest remarks at what she described as the Bush administration's "indifference and incompetence" in dealing with Hurricane Katrina and its aftermath.

Bad Car Credit Loan The senators noted that when gas prices soared in the summer and fall of 2000, President Clinton tapped the petroleum reserves, releasing 30 million over 30 days. The release triggered a drop in gas prices.

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Bad Credit Loan Mortgage All the senators who signed the letter are Democrats, except Sen. Jim Jeffords, I-Vt.

Auto Bad Credit Loan Associated Press - 9/4/2003

Topic: Petroleum Industry

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