US considers tapping oil reserves to ease soaring prices: "As pressure mounts on Obama to cool prices that have risen since Libya unrest, White House Chief of Staff says 'all matters must be on the table.'
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WASHINGTON - White House Chief of Staff Bill Daley said on Sunday the Obama administration is considering tapping into the US strategic oil reserve as one way to help ease soaring oil prices.
Speaking on NBC television's 'Meet the Press,' Daley said: 'We are looking at the options. The issue of the reserves is one we are considering. ... All matters have to be on the table.'
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There has been support among Senate Democrats for tapping the reserves. Senator Jay Rockefeller on Thursday became the third Democrat to ask President Barack Obama to tap America's emergency oil supply to cool prices that have risen past $100 a barrel due to the strife in Libya."
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