Been awhile since we had a Barack flip flop....
Adding to the bearish sentiment around oil, Democratic presidential candidate Barack Obama on Monday proposed that the government sell 70 million barrels of oil from its strategic reserves to help lower gasoline prices. He had previously opposed tapping the supplies, but said in a major energy speech that past releases from the reserve have "lowered gas prices within two weeks."
The Illinois senator also reiterated his statement Friday that he could now support limited new offshore drilling in the U.S. if needed to enact a compromise energy policy that would foster fuel-efficient autos and alternative energy sources.
http://plainview.uscable.com/finance/index.php?display=story&article=D92BJSV00&pd=20080804
Adding to the bearish sentiment around oil, Democratic presidential candidate Barack Obama on Monday proposed that the government sell 70 million barrels of oil from its strategic reserves to help lower gasoline prices. He had previously opposed tapping the supplies, but said in a major energy speech that past releases from the reserve have "lowered gas prices within two weeks."
The Illinois senator also reiterated his statement Friday that he could now support limited new offshore drilling in the U.S. if needed to enact a compromise energy policy that would foster fuel-efficient autos and alternative energy sources.
http://plainview.uscable.com/finance/index.php?display=story&article=D92BJSV00&pd=20080804