Morning Update: Energy Questions
Sen. Hillary Clinton (D-NY) on Monday released a plan to combat record high gas prices. According to the plan, Clinton would file a complaint with the World Trade Organization against OPEC countries to pressure them to up oil production. She would also stop new additions to the Strategic Petroleum Reserve and be ready to “release oil to counter market spikes and reduce volatility.”
Sen. Barack Obama (D-IL) on Monday criticized Sen. John McCain’s (R-AZ) plan for a “gas tax holiday” as ineffective. Obama said consumers would save minimal amounts of money and bigger issues still need to be addressed (WSJ) . Clinton, on the other hand, has expressed support for a suspension of the gas tax during peak summer months.
