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Obama To Release Oil From Strategic Reserve

By National Confidential | 23 June 2011 9:58 am EST Updated 23 June 2011 9:58 am EST
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President Obama is authorizing the release of 30 million barrels of oil from the Strategic Petroleum Reserve, in coordination with the International Energy Agency (IAEA), who will release an additional 30 million barrels.

The move is designed to stabilize the global energy market, which has experienced increased oil prices with the ongoing instability in the middle east.

Oil Barrel

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