White House: Oil reserves eyed as oil prices rise (AP) – 236th Edition

7 03 2011

Smoke raises from a military army base which fell to the anti-Libyan leader Moammar Gadhafi rebels following an air strike by Libyan warplanes that attacked in the oil town of Ras Lanouf, eastern Libya, Sunday, March 6, 2011. The anti-Gadhafi rebels fared better elsewhere, capturing the key oil port of Ras Lanouf from regime forces on Friday night, their first military victory in a potentially long and arduous westward march from the east of the country to Tripoli. (AP Photo/Hussein Malla)AP – President Barack Obama’s chief of staff says the administration is looking at the nation’s oil reserves as it considers options for dealing with the spike in gas prices.

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