Meaningless, stupid and dangerous gesture.
The USA uses 21 million barrels PER DAY, so 70 million is three and half days supply.
Not only that, but oil is a WORLD WIDE commodity which uses 80 plus million barrels PER DAY, so 70 million released into a global market is less than a days supply which will cause oil prices to do nothing.
That might even drive oil prices higher because we are sending a message we will not drill
Plus we send the message that we have that much less to fall back on. But something this article doesn't mention. The bill in question calls for replacing the 70 million bbls of sweet crude with 70 million bbls of some lesser grade. So in essence we won't be ahead a single barrel of oil. Democrats are evil.
Has anyone really thought that maybe their true agenda to release oil from the SPR is not to bring down prices, but, to deter president Bush from starting a war with Iran since we won’t have any oil to fight it with, or to put our national security more at risk ?