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Republican senators: U.S. oil reserves should be kept for emergency

Washington (Reuters) - strategic oil reserve should keep the real supply shock seven republicans in the senate to President barack Obama on Monday urged the White House to avoid eavesdropping inventory, unless there is a "serious" interrupt.
The White House has said several months, it was considering selling petroleum strategic petroleum reserve, or SPR, as a kind of tool, to cope with the oil price advantages, frightened the tension in the Middle East and west to Iran's oil sales restrictions.
The senate republican leader mitch MaiKangNaiEr and six other to senator barack Obama in a letter, although tensions, "we have not seen the independent events, directly affect our supply of oil, and prove use of our reserves.
", SPR is America's rainy day fund "senator said.
"We ask you to preserve its really a day of overcast and rainy, unpredictable energy or serious supply disruptions, said:" believe, also signed kyle, John map inside, John exam better, Roy blunt, James imhoff and John Barrasso.
Take an examination of ning said, SPR November 6 before the presidential election a version will be a "political assault".
The reserves of about 695 million barrels of storage in salt cavity were hold 727 million barrels. Government loans 1 million barrels last month than oil and gas group company refinery marathon due to the shortage of caused by hurricane Isaac.
Senators also requires the White House provide "detailed plan," explains the authorities will be how to value after SPR, sales last year 300000 barrels, when Libya's civil war to cut the country's oil exports.
The measure to reduce the price only a few weeks. "Even if you management of all the rest of the SPR with stock market, this will lead to oil and gasoline prices almost no one stone arouses thousand layer wave," said senator.




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