Bush says save U.S. oil reserve for supply problems

Tue Jul 15, 2008 3:57pm BST
 
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WASHINGTON (Reuters) - President George W. Bush said on Tuesday there was no quick fix to lowering record fuel prices and oil in the U.S. Strategic Petroleum Reserve should be saved for supply emergencies.

"The SPR is for emergencies," Bush told reporters at a White House news conference. He said "there is no immediate fix" to lowering record high fuel prices, but if Congress passed legislation to boost U.S. oil production that would change the "psychology" in the energy market about future oil supplies.

(Reporting by Tom Doggett)

 

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