Obama, Cameron Huddle on Oil Release

With Americans facing spiraling prices at the gas pump that could threaten a nascent economic recovery, President Obama and British PM David Cameron yesterday chewed over the possibility of tapping the Strategic Petroleum Reserve. The president has taken a drubbing both in approval ratings and from Republicans quick to blame his energy policies, and faces a tricky balance between achieving real relief and accusations of playing election-year politics. No agreement was reached, but Obama is likely beginning to test global leaders' appetite for such a move, notes Reuters. "We will continue to work together to address energy security and oil price issues," says a senior White House official. It could be months before a decision is made. (More President Obama stories.)