-
Bill Clinton’s Use of Oil Reserves Did Little to Fight High Prices
Bill Clinton was the last U.S. president to tap the country’s emergency oil reserves with the deliberate goal of fighting high prices 21 years ago. The move, which president Joe Biden is now replicating, didn’t help all that much. As energy prices became a hot issue in the 2000 U.S. presidential campaign, then-vice president and candidate Al Gore urged Clinton to use the government’s stockpiles after crude prices in New York hit a 10-year high of more than $37 a barrel. The next day, on Sept. 22, Clinton released 30 million barrels from the Strategic Petroleum Reserve, helping bring prices down to little more ... (full story)