White House May Tap Into Oil Reserves

The White House is looking for ways to bring down gas prices and energy costs (via Political Wire).

With prices high again, U.S. officials were now collecting information from the market about potential needs and studying futures, production numbers and data on Iranian oil exports.

“The driving force in this is both impact on the economy and impact on the Iran sanctions policy,” the source said, noting that Washington did not want rising oil prices to create a windfall for Iran while oil embargo and international sanctions were having an effective impact.

By: Alan

Alan Colmes is the publisher of Liberaland.