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Mr. Bush opposes tapping the reserve.
Many lawmakers from both parties favor tapping the reserve.
Critics of tapping the reserve point out that a greater supply of crude may not help overcome the potential shortages.
There have been blunt warnings against tapping the reserve funds, which now total $171 billion, or roughly 8 percent of annual economic output.
By tapping the reserve, the administration was able to deliver on its lingering promise of cheaper oil, at least in the short run.
The administration has so far resisted tapping the reserve, saying that it would have only a small and temporary effect on prices and was intended for critical supply shortages, which the country is not now experiencing.
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Argentina's Congress is expected to take up the question of tapping the reserves to pay down debt when it reconvenes in March after a summer recess.
Analysts said those targets were optimistic, unless the political situation in Iraq stabilized quickly and foreign investment was brought in to aid in tapping the reserves.
In the meantime, given public determination and the time bought from tapping the reserves, conservation and the development of alternate energy sources could drastically reduce our overall demand for oil.
Advocates say tapping the reserves to fuel an expansion of nuclear power could lessen the Czech Republic's reliance on countries like Russia for uranium — and help the country reduce its greenhouse gas emissions without having to turn to Russian natural gas.
If it hopes to crack the world's biggest market, the U.S., it needs help every step of the way from tapping the reserves and liquefying the gas to acquiring capacity at the handful of regasification terminals in North America.
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