Sources: Obama, Cameron Talked Oil

President Obama and British Prime Minister reportedly discussed releasing emergency oil reserves during their meeting on Wednesday, two sources told Reuters on Thursday, but White House spokesman Jay Carney said on Thursday that these reports were "inaccurate." He said it would be inaccurate to say there is a timetable for any agreement. According to the sources, Obama brought up the issue during a bilateral meeting at the White House. U.S. gas prices are at their highest seasonal levels ever, with retail gas averaging about $3.80 a gallon. Britain reportedly will also cooperate with the U.S. in an agreement to release strategic oil stocks, two British sources also told Reuters. President Obama defended his energy policy in a speech in Maryland, calling his critics a “Flat Earth Society.“