And, we have Bush's strict energy policy to thank for the low gas . . . . . oh, wait!! My bad - Bush doesn't HAVE an energy policy and could care less that most of America is going broke driving to/from work so they can pay their taxes.
In previous administrations, oil from the SPR has been used to counter OPEC's influence on gas prices. I guess Bush never heard of the SPR.
Hitting the SPR will do nothing for the price of oil, we need to get gov spending under control, or at least make the markets think that so that the relative value of the dollar stabilizes.
Never happened.
U.S. Petroleum Reserves > SPR Facts & Frequent Questions
See Past Sales and Past Exchanges:
http://www.fe.doe.gov/programs/reserves/spr/spr-facts.html