Sen. Voinovich: No to tapping oil reserves

Sen. George Voinovich (R-Ohio.) does not believes that America should tap into the Stategic Petroleum Reserves to relieve high gas prices. Voinovich says that he is “worried” about America’s national security and for a slight reduction in the cost of oil does not think it’s worth the risk to open the reserve. (0:51)


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U.S. to Saudis: "If you don't help us, why should we be helping you?"

At a press conference following the vote on the Democratic proposal to stop filling the Strategic Petroleum Reserve, Sen. Charles Schumer (D-NY) says that "we are saying to the Saudis that 'if you don't help us, why should we be helping you?'" He says that the relationship should be a "two-way street," and that although Saudi Arabia needs U.S. military arms, the U.S. needs Saudi Arabia to "cooperate, and not strangle American consumers." (0:25)
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Saudi Arabia needs to increase oil production to lower gas prices

At a press conference following the vote on the Democratic proposal to stop filling the Strategic Petroleum Reserve, Sen. Charles Schumer (D-NY) says that Saudi Arabia is currently producing two million barrels of oil per day below its capacity. If it increased production by one million barrels, he said, prices would likely lower by 50 cents within a month or two. (0:36)


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