Durbin calls finding more oil useless

Posted by Staff on August 1, 2008 |

Sen. Richard Durbin (D-Ill) says oil is a global commodity and that an increasing American oil production would not guarantee an increase in American oil supply. He notes that 1.6 million barrels of US oil were exported daily in the first four months of 2008 and that since the US only has 3 percent of world oil supplies, OPEC could slightly cut production to keep prices high. (0:57)

 
icon for podpress  Standard Podcast [0:57m]: Play Now | Play in Popup | Download

August 1, 2008

Comments are closed.


Latest Audio

  • Labor Secretary Recalls Helping Undocumented Students Go To College
  • GOP Leaders Look To Suade Moderate Democrats On Health Care Vote
  • Democrats’ Health Bill One Great Big Ponzi Scheme, Says Thune
  • Senate Democrats Employ ‘Gimmickry’ To Keep Health Bill Below $900 Billion

Happening Now - TRNS on Twitter