Welch says tap oil reserves now
NEAL P. GOSWAMI
BENNINGTON — President Barack Obama said Friday he is prepared to tap into the country’s strategic oil reserves as a means to lower skyrocketing gas prices if needed, but some, including Vermont’s lone congressman, believe the time has already come.
The president made the remarks at a White House news conference Friday afternoon, during which Obama offered extensive remarks on oil and energy. Rising gasoline and heating fuel prices caused by uncertainty following turmoil in the north African and the Middle East is impacting everyone, he said.
“In an economy that relies on oil, gas prices affect everybody — from farmers and truck drivers to restaurant owners and workers as well as consumers,” Obama said. “Businesses see rising prices affect their bottom lines. Families feel the pinch every time they fill up the tank. For Americans already facing a tough time, it’s an added burden.”
“Everybody should know that should the situation demand it, we are prepared to tap the significant stockpile of oil that we have in the Strategic Petroleum Reserve,” Obama said.