I don't think she is referring to the Strategic Petroleum reserve, but rather to undeveloped domestic reserves still in the ground, such as ANWR and fields off the coast. Opening up those fields for development would have an immediate impact on prices, even though it would take years before the oil ever came out of the ground. Combined with issuing construction permits for a hundred or so nuclear plants and a couple of dozen new refineries, it would cause the prices of oil futures to plummet and cause OPEC to start pumping at capacity.
My fellow Americans, if we’re gonna pay two bucks per gallon, you can bet your prayer rugs, Uncle Sam will make sure we pay for the remaining two or three some other way. Drill now, ya bastards!