Tuesday, March 8, 2011

U.S. use its reserves if oil continues to rise

Washington .- The United States is "considering" use their strategic oil reserves to the escalation of oil prices driven by the wave of protests in the Middle East, said Bill Daley, chief of staff of the White House. "We're looking at all options. The issue of reserves is one that we considered. All options are on the table," Daley said in an interview on NBC.

The Treasury secretary, Timothy Geithner said on Thursday that the U.S. has "significant reservations" oil companies to manage a possible "disruption" in supply after a barrel of oil exceeded the $ 100 barrier this week. United States has some oil stocks 1777.6 million barrels, of which 727 million are included strategic reserves.

On the other hand, Daley reiterated the U.S. commitment to seeking a multilateral solution to the conflict situation in Libya by the armed clashes between supporters of the Libyan leader Muammar Gaddafi and rebel forces. "The U.S. and its allies are talking about hard weeks to get a coordinated effort to put pressure on Gaddafi," he added.

"There must be an international effort. There can be only one country," said Chief of Staff of the administration of President Barack Obama. It also coincided with Secretary of Defense Robert Gates, saying that the creation of an air exclusion zone in Libya would require the destruction of the country's air defenses.

"Many people throw phrases on the fly zone, and talk about it like a video game. Some of those who throw such statements have no idea what they're talking about," he said.

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