Analysis: Congress halts oil stockpiling
Washington (UPI) May 14, 2008 - Faced with growing pressure to decrease gas prices, U.S. senators voted to stop stockpiling oil in the national reserve yesterday, but they rejected a plan to increase domestic production. Senate Majority Leader Harry Reid, D-Nev., sponsored the legislation halting further additions to the Strategic Petroleum Reserve, which passed 97-1. Supporters say the bill will drive down energy ... more