Obama: Open up the oil reserves to provide relief for gas prices

Obama called for the opening up of the strategic oil reserves, calling today's gas prices a "genuine emergency." He cites the nearly 20% drop in gas prices when Bill Clinton did the same in 2000. From the article: "Obama emphasized on Monday that using reserves is a temporary fix and that drilling is not "a particularly meaningful short-term or long-term solution." McCain has said that drilling would have a "psychological" benefit for consumers; his proposal to suspend the 18-cent-a-gallon federal gas tax was ignored by lawmakers on Capitol Hill and criticized by economists, who said it would not lead to a noticeable change in prices. "