On SPR Oil Release

June 23, 2011
10:39 AM
Statement of Chairman Jeff Bingaman
 
On Strategic Petroleum Reserve Release
 
“This decision would have been more timely if made when the disruption in Libyan oil supplies first occurred.  However, I hope it helps deflate speculative froth in the markets and further settles prices back to levels where most experts believe they should be.”
 
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