Chairman Hastings Discusses Tapping the Strategic Petroleum Reserve and American-made Energy on FOX Business
June 27, 2011 -
On Friday, Chairman Doc Hastings spoke with Eric Bolling on FOX Business about President Obama's surprise decision to release 30 million barrels of oil from the Strategic Petroleum Reserve (SPR). In reaction to the President’s decision, Chairman Hastings said, “The Strategic Petroleum Reserve is intended for situations when there’s a dramatic supply shut down, not to achieve short-term political gain. However, this is a clear admission from the Obama Administration that increasing domestic oil supplies will help lower costs…Rather than tap the SPR, weakening our domestic security should a real supply disruption occur, we should look to develop our true oil reserves in the Gulf, Alaska, the Outer Continental Shelf and our public lands in order to create jobs, lower prices, reduce our dependence on unstable foreign energy, and strengthen our national security.” Watch Chairman Hastings' interview with Eric Bolling below:
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