Senate Dems Want To Halt Reserve Oil Deliveries

Law360, New York (October 19, 2007, 12:00 AM EDT) -- Senate Democrats have asked the Bush administration to postpone oil deliveries to the Strategic Petroleum Reserve to help reduce the record oil prices that consumers are paying for heating and petroleum products.

Seven senators sent a letter to U.S. Secretary of Energy Samuel W. Bodman on Thursday claiming that taking oil out of the commercial market and into the Reserve could increase oil prices, which are currently at record highs. Oil futures reached $90.07 per barrel on Friday, the highest price since trading began in 1983....
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