William P. Graves: “I would oppose cutting the funding, yes.”

I believe any release of the Strategic Petroleum Reserve timed along with proper funding and proper CFTC authorization would drive prices down to that level and more.

The fastest way to $6 gasoline is to cut the funding to the CFTC.

I would say it is the concern that I would like to see more discussion about the transition from essentially a petroleum-driven economy to an alternatively fueled economy.

There is no single solution to high oil prices. We are not going to be able to either simply conserve or to drill our way out of this crisis.