Posted on 07/24/2008 5:56:29 PM PDT by decimon
The U.S. Congress is considering legislation that would require 70 million barrels of crude oil from the nation's Strategic Petroleum Reserve to be released to the open market in an effort to drive down gas prices.
That would mean pumping oil out from man-made caverns where it is stored. Only twice in the reserve's 31-year history has oil been extracted for emergencies.
(Excerpt) Read more at news.yahoo.com ...
To be technical the SPR oil actually is in the ground.
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