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WASHINGTON (Reuters) -
The White House reiterated on
Tuesday that it considered energy prices too high but said the
economy would weather the impact.
"We've had high gas prices for a while. They've been too high for as many months as I can remember, but our economy has been remarkably resilient to it," White House spokeswoman Dana Perino told reporters. Asked whether the Bush administration was considering tapping U.S. oil stockpiles to deal with the higher energy prices, Perino responded, "The Strategic Petroleum Reserve is there for emergencies and we have not played politics with the SPR." She also said the best way to address the high energy costs was to deal with the root cause, which is "a supply and demand issue." |