Chairman Bingaman on President’s Comments re: SPR
“I support the President’s position, which I believe is the same as my own: world oil supply warrants careful attention, and the President should stand ready to draw down the Strategic Petroleum Reserve. I think it’s important that he communicate his willingness to draw down the Reserve immediately in the case of further market disruption, which he did this afternoon. If the situation deteriorates any further, the President very appropriately stands ready to act.”
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