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  • Exclusive: U.S., Britain to agree emergency oil stocks release

    03/15/2012 8:56:46 AM PDT · by mojito · 88 replies · 1+ views
    Reuters ^ | 3/15/2012 | Richard Mably
    Britain has decided to cooperate with the United States in a bilateral agreement to release strategic oil stocks, two British sources said, in an effort to prevent high fuel prices derailing economic growth in an election year. A formal request from the United States to the UK to join forces in a release of oil from government-controlled reserves is expected "shortly" following a meeting on Wednesday in Washington between President Barack Obama and Prime Minister David Cameron, who discussed the issue, one source said. Britain would respond positively, the two sources said.
  • Obama to David Cameron: Let’s tap our strategic oil reserves together

    03/15/2012 8:57:11 AM PDT · by SeekAndFind · 29 replies
    Hotair ^ | 03/15/2012 | Ed Morrissey
    Remember that Barack Obama insists that there are "no silver bullets" to fix the issue of high gas prices. So when British Prime Minister David Cameron visited Washington for high-level talks and the discussion turned to gas prices, what did Obama propose? According to Reuters, holy water and a garland of garlic: President Barack Obama and British Prime Minister David Cameron discussed the possibility of releasing emergency oil reserves during a meeting on Wednesday, two sources familiar with the talks said, the first sign that Obama is starting to test global support for an effort to knock back near-record fuel...