• Most Popular
  • Most Shared

House votes to stop adding to oil stockpile

WASHINGTON
Tue May 13, 2008 7:27pm EDT

WASHINGTON (Reuters) - The House of Representatives on Tuesday followed the Senate in rejecting the Bush administration's policy of adding oil to the country's Strategic Petroleum Reserve while fuel prices are high.

Barack Obama

The House passed legislation that would suspend crude deliveries to the U.S. emergency oil stockpile while the price of oil was above $75 a barrel, a move the White House has opposed. Oil traded at a record near $126 a barrel on Tuesday.

The Senate approved a similar measure earlier in the day.

Like the Senate's legislation, the 385-to-25 vote in favor of the bill in the House was big enough to override a possible presidential veto of the measure.

(Reporting by Tom Doggett; Editing by Christian Wiessner)



More from Reuters

Photo

House prices stall, consumer confidence up

NEW YORK (Reuters) - U.S. consumer confidence rose to a three-month high in December, while prices in the hard-hit housing sector stalled in October, breaking a five-month string of gains.

A hiring sign hangs in a window at PETCO in Falls Church, Virginia June 5, 2009.REUTERS/Kevin Lamarque

Dust off your resumes

Employers say they'll be adding headcount in the coming year. Here's where the jobs will be.  Full Article 

A traveller lifts her arms as she stands in the new security scan at Schiphol airport, Netherlands, May 15, 2007.REUTERS/Jerry Lampen

Are you ok getting "naked"?

Full-body scanners can detect weapons under clothing but also expose passengers to operators. Should security trump privacy?  Full Article | Video