1. Obama Administration Taps into Oil Reserves
... of about 1.5 million barrels of oil per day from global markets, according to the Energy Department. However, other Arab oil producers are increasingly becoming nervous about their own unrest. This, along with the revival of the Chinese and Indian economies, has caused crude prices to increase to painstakingly high levels (Banerjee). "Crude and gasoline inventories are above average, and crude and ... economic growth," said a senior administration official in the conference following the announcement (Banerjee). The government has been slow to tap into these oil reserves, which hold app...
- Word Count: 1058
- Approx Pages: 4
- Has Bibliography
- Grade Level: Undergraduate