Obama to reassure that the US is capable of dealing with energy disruptions

Following the ongoing surge in crude oil price mainly due to the turmoil in the Middle East in North Africa in the passing months, the President of the US – Barack Obama said yesterday that the US is ready to tap in the US’s oil reserves to deal with any disruption that might occur in oil supply. He also said that the Justice department will keep close tabs any evidence of a price hike in oil and gasoline.

Last week, gasoline prices in the US continue to soar and rose by 38 cent/g to reach over 3.52$ per gallon, the highest level in the past two years.



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