Biden to tap 15M barrels from oil reserve to ease high price; GOP calls it midterm politicking on energy; OPEC won’t cut production
U.S. Vice President Joe Biden (2nd from right) listens during the first presidential debate October 19, 2012 at Hofstra University in Hempstead, New York.
U.S. Vice President Joe Biden (2nd from right) listens during the first presidential debate October 19, 2012 at Hofstra University in Hempstead, New York.
Photo: Evan Vucci, Getty Images
Photo: Evan Vucci, Getty Images
Image 1of/5
Caption
Close
Image 1 of 5
U.S. Vice President Joe Biden (2nd from right) listens during the first presidential debate October 19, 2012 at Hofstra University in Hempstead, New York.
U.S. Vice President Joe Biden (2nd from right) listens during the first presidential debate October 19, 2012 at Hofstra University in Hempstead, New York.
Photo: Evan Vucci, Getty Images
Biden to tap 15M barrels from oil reserve to ease high price; GOP calls it midterm politicking on energy; OPEC won’t cut production
1 / 5
Back to Gallery
Washington
Two days before the November 6 congressional elections, President Barack Obama is expected to tap the nation’s oil reserves for a major supply-relieving action to curb a widening, high-priced oil shortage. The move would increase U.S. output by about 15 million barrels per day (bpd), boosting prices for U.S. consumers.
The move will be largely welcomed by political parties from the left and the right, who, on September 3, took to the campaign trail for congressional and presidential candidates to denounce the political maneuver as “politicking” on energy.
While both the Obama administration and Congress have denied any involvement in the decision, House Speaker John Boehner (R-Ohio) said the President’s action “will not get us to a
