Dems Push For Halt To Oil Reserve Deliveries

Law360, New York (February 25, 2008, 12:00 AM EST) -- With oil prices hovering around $100 a barrel, U.S. Senate Democrats pushed Tuesday for the Bush administration to temporarily postpone oil deliveries to the Strategic Petroleum Reserve. But Republicans responded by saying that, if anything, the U.S. should help drive down prices by increasing domestic production.

At a hearing of the U.S. Senate Committee on Energy & Natural Resources, Sen. Jeff Bingaman (D-N.M.) said he was concerned about the administration's current policy of filling the SPR regardless of market conditions.

“As we face the threat that...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.