[WATCH]: Pumping up Prices: The Strategic Petroleum Reserve and Record Gas Prices

Pumping up Prices: The Strategic Petroleum Reserve and Record Gas Prices - Select Committee on Energy Independence and Global Warming - 2008-04-24 - $119--a record price for a barrel of oil, reached today. $3.51--today's record price for an average gallon of gas in America. 70000 barrels--the amount of oil the Bush administration buys daily at these record prices to continue filling the Strategic Petroleum Reserve (SPR). In light of all of these factors, Chairman Edward J. Markey

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