Nice WASHINGTON (Reuters) – Rich nations could tap strategic oil reserves if needed to ward off the risk that Middle East political unrest triggers an inflationary price spiral, Treasury Secretary Timothy Geithner said on Thursday.
In wide-ranging testimony before the U.S. Senate Foreign Relations Committee, Geithner again tweaked China for keeping its currency too low and assured lawmakers he was committed to expanding U.S. overseas trade while playing down risks that oil prices were a threat to a budding recovery.
He said there was "considerable" spare oil production capacity around the world and "substantial" reserves on hand.
"If necessary, those reserves could be mobilized to help mitigate the effect of a severe, sustained supply disruption," he said. Political protests hav best buy oster clipper replacement blade 3 32 76918 086 buy mehaz rubis 3 3 4 swiss tweezer 135 cheap wahl pro lt lithium professional animal trimmer free shipping conair ltgs40pcs ladies multi use beauty kit in stock satin smooth double wax warmer lowest price remington sp 29 replacement cutters and heads order today surgi wax assorted maple honey wax strips for face upper lip chin cheek 16 strips pack of 3 sale zip hot wax hair remover 3 oz shop online braun pulsonic motor and drive unit
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