After a spike in oil and gas prices since June, the White House is considering "dusting off old plans" to release part of the U.S. strategic oil reserves. The U.S. and other Group of Eight countries were considering such a plan in the spring to keep rising oil prices from deepening global economic problems and undermining the effectiveness of new sanctions on Iran's oil industry, but dropped the idea when prices dropped. "The logic behind a potential release in the spring is at least if not... more true today," the source said.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- The big, gaping hole in the liberal policy arsenal
- 10 things you need to know today: July 28, 2014
- Here's the schedule very successful people follow every day
- The militarization of America’s police
- Why you should really take a nap this afternoon, according to science
- What would a U.S.-Russia war look like?
- Blame Obama and U.S. evangelicals for the persecution of Iraqi Christians
- A gay Mormon's complicated journey
- 7 things the world's happiest people do every day
- Why you shouldn't eat dog. Not even once.
Subscribe to the Week