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Energy policy provides key to US election

It could well be the sleeper issue of the US election campaign - pump prices and the rising cost of fuel for motorists.

Despite rising reserves and production, American gasoline prices are approaching levels that politicians consider a threat. So much so, the US administration is likely to authorise a release of crude from the country’s Strategic Petroleum Reserve (SPR) in an attempt to bring petrol prices down before Americans head to the polls. Truth be told, US presidents don’t have much control over gasoline prices. But they inevitably take the blame when motorists feel pinched at the pumps. Little wonder, then, US president Barack Obama feels threatened. And no wonder his Republican opponents see an opportunity. Like it or not, pump prices are a proxy for energy policies and the measure by which they wi

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