02 Jul '11, 7am

A Look Behind Unstable Gas Prices & Attempts to Fix Them

A Look Behind Unstable Gas Prices & Attempts to Fix Them

Editor's Note: This is the latest episode of Energy NOW! , A video program dedicated to energy and environmental issues. You can see the full video at the bottom of this post, and archived episodes are online at EnergyNow.com . Leading off this week, President Obama has ordered the release of 30 million barrels from the nation's Strategic Petroleum Reserve, created more than 35 years ago as an emergency stockpile to prevent an economic disaster if the nation's oil imports are suddenly cut off. The president says the release of oil from the U.S. and another 30 million barrels from its allies is needed because of supply losses created by the conflict in Libya. But is this an emergency that warrants tapping the SPR? And what effect will it have on gasoline prices? Anchor Thalia Assuras hears from lawmakers on both sides of the aisle on whether the move is warranted, and wheth...

Full article: http://www.greenbiz.com/blog/2011/07/02/whats-behind-unst...

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