June 23, 2011

(Washington, DC) The Obama Administration has agreed to open the strategic oil reserves in an effort to reduce the cost of gas during the summer months. Citing the crisis in Libya limiting global oil supplies, the White House will be using domestic oil supplies to lower skyrocketing gas prices during peak driving time.

“President Obama, it seems, finally realized this country is in a crisis,” said Mike Carey, president of the American Council for Affordable and Reliable Energy (ACARE). “This administration has a deplorable history of limiting domestic energy supplies: shutting down productive oil wells in the Gulf of Mexico, using the EPA to shut down coal mines and over regulating the energy industry. They’ve put a stranglehold on the fuel supply and continue to be shocked at the rising cost of energy and the impact it has on jobs and the economy.”

The White House will be releasing 30 million barrels of oil from the Strategic Petroleum Reserve in an attempt to lower fuel prices and drive the economy, while at the same time continuing its initiatives to go after inexpensive and abundant energy resources at home.

“While we are glad the someone has finally advised President Obama that this nation needs affordable fuel to operate businesses, balance household budgets and grow the economy,” Carey continued. “We only hope that someone is also telling his political appointees at the EPA.”

The American Council for Affordable and Reliable Energy (ACARE) is a coalition of businesses, nonprofit organizations and individuals who support public policies that encourage the production and delivery of the energy required by a growing economy.

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