Markey says releasing oil works

Staff

Rep. Ed Markey (D-Mass.) says past releases of oil from the Strategic Petroleum Reserve have driven down prices. He says oil prices fell 33.4 percent when President George H.W. Bush released oil in 1991, by 18.7 percent under President Clinton in 2000, and by 9.1% by President George W. Bush following Hurricane Katrina. (0:46)

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July 23, 2008
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