PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Neocon who wrote (39270)	9/22/2000 4:37:54 PM
From: Scarecrow	Read Replies (2) of 769667

The way this administration casually plays politics with national security interests, market forces, and anything else in its way is a shameful disgrace for the ages. Nothing is too stupid when trapped in the full frenzy of powerlust... This occurs just a week after Richardson agreed with Greenspan that this was a bad idea... U.S. to Tap Oil Reserve to Damp Prices Sep 22 4:21pm ET WASHINGTON (Reuters) - Energy Secretary Bill Richardson announced on Friday the United States would release a limited amount of oil from its Strategic Petroleum Reserve (SPR) to damp decade-high energy prices. Speaking at a hastily convened news conference after an all-day meeting of administration officials, Richardson said the U.S. government would release 30 million barrels of oil over a 30-day period from its 571-million-barrel reserve. The announcement by Richardson, the first major tapping of the SPR since the 1991 Gulf War, follows an intense and unusually public debate by Clinton administration officials in recent days. The debate intensified after Democratic presidential candidate Vice President Al Gore urged President Clinton on Thursday to release oil in 5-million-barrel test bursts from the reserve created after the 1973 Arab oil embargo that choked off world growth. Gore's call, made within weeks of the November election, was criticized by his Republican rival George W. Bush as ``bad policy''.

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