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Chairman Issa Statement on Obama Administration Announcement of Strategic Petroleum Reserve Release

Statement

Date: June 23, 2011
Location: Washington, DC
Issues: Oil and Gas

House Oversight and Government Reform Committee Chairman Darrell Issa (R-CA) today released the following statement regarding the Obama Administration's announcement of a release from the strategic petroleum reserve:

"The President's temporary move on energy prices is a small step, but this one temporary measure will do nothing to unwind the long term costs of his policies that are blocking increased domestic energy production and hurting our economy.

"Ultimately, these policies will only increase our dependence on foreign oil, and--as our committee has repeatedly heard--push good paying energy production jobs overseas.

"The Obama Administration has thus far shown more interest in rewarding allies and special interests in the environmental lobby who advocate a slew of new rules, regulations and red tape than it has in enacting an agenda to expand domestic energy production to create jobs and grow the economy."


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