Obama's proposed release of 70 million barrels of oil from the strategic reserve could lower crude prices, experts say. But the impact of his broader overhaul is less clear.
Democratic presidential candidate Barack Obama said Monday that he feels Americans' pain from rising energy costs and laid out his plan to break the country's "addiction" to oil.
Much of Obama's energy plan had been outlined before. But some of his ideas - such as tapping the Strategic Petroleum Reserve and allowing a "limited amount" of offshore drilling - were new to his campaign.
Overall, analysts welcomed Obama's plan, which included both short-term and long-term proposals. But they stressed that for the plan would need bipartisan support to succeed.
Obama said a short-term proposal, like selling crude oil from the Strategic Petroleum Reserve, "has lowered gas prices within two weeks" in the past.
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