White House: Energy policy could help mitigate oil stocks

The US remains vulnerable to oil supply shocks from Venezuela and other foreign suppliers because the nation still lacks a comprehensive energy policy, White House officials said.US Department of State officials said Jan. 23 the political crisis in Venezuela was still "very tense" and that the "urgency of reaching a peaceful resolution remains.""This is a long-term issue, but if 10 years ago, Congress and the administration had been able to work in a long-term way on energy, we wouldn't be in the spot we could be in today, with action on Venezuela, for example, driving up the price," White House spokesman Ari Fleischer said Jan. 22.Earlier in the week of Jan. 20, oil prices temporaril...

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