Thursday, March 15, 2012

America/England Set To Release Oil Reserves?

Did President Obama and British Prime Minister David Cameron agree on a joint release of oil reserves to drive down the price of petro?
That just may be the case.
Reuters is now reporting that a deal may have been struck. Here's an excerpt:

A formal request from the United States to the UK to join forces in a release of oil from government-controlled reserves is expected "shortly" following a meeting on Wednesday in Washington between President Barack Obama and Prime Minister David Cameron, who discussed the issue, one source said.
Britain would respond positively, the two sources said.
"We regularly consult with the British on energy issues and any discussion that we had was in that context. We will continue to monitor the situation and consult with them and others," an Obama administration official said.
 Click here for the full story.

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