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« Is oil reserve out-of-date? | Main | Greene: High gas prices cause incentive to increase fuel economy »
Wednesday
Jul232008

Markey says releasing oil works

Rep. Ed Markey (D-Mass.) says past releases of oil from the Strategic Petroleum Reserve have driven down prices. He says oil prices fell 33.4 percent when President George H.W. Bush released oil in 1991, by 18.7 percent under President Clinton in 2000, and by 9.1% by President George W. Bush following Hurricane Katrina. (0:46)
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