Geithner: Strategic oil reserves would be used 'if necessary' as result of Middle East chaos

Used by who???

In remarks prepared for the Senate Foreign Relations Committee, Geithner said, "It is important to note that there is considerable spare oil production capacity globally, and we and other major economies possess substantial strategic reserves of oil."

"If necessary, those reserves could be mobilized to help mitigate the effect of a severe, sustained supply disruption," he said.

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