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Breaking News U.S. to release 30 million barrels of oil from Strategic Petroleum Reserve
06-23-2011, 07:50 AM
Post: #1
jaxx Offline
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U.S. to release 30 million barrels of oil from Strategic Petroleum Reserve
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Breaking News Alert: U.S. to release 30 million barrels of oil from Strategic Petroleum Reserve
June 23, 2011 9:43:07 AM
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The Obama administration announced Thursday that it would release 30 million barrels of oil from the emergency Strategic Petroleum Reserve, citing the loss of oil production as a result of the conflict in Libya and the upcoming energy demands of the summer season.

The step, amid signs that rising fuel prices is hampering the economic recovery, is part of a global coordinated action that will release a total of 60 million barrels of oil.

(from WaPo email)

Obama ready to release oil from petroleum reserve to offset Mideast turmoil, high energy use

short article here>> http://www.washingtonpost.com/business/o...l_national
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06-23-2011, 07:57 AM
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NJMaverick Offline
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RE: U.S. to release 30 million barrels of oil from Strategic Petroleum Reserve
Oops that is going to cost the speculators that drove up the price of oil a pretty penny
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06-23-2011, 08:25 AM
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Peacetrain Offline
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RE: U.S. to release 30 million barrels of oil from Strategic Petroleum Reserve
(06-23-2011 07:57 AM)NJMaverick Wrote:  Oops that is going to cost the speculators that drove up the price of oil a pretty penny

I know this is not a nice thing to do but to the speculatorsroflmaoroflmaoroflmaoroflmao
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06-23-2011, 08:30 AM
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jaxx Offline
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RE: U.S. to release 30 million barrels of oil from Strategic Petroleum Reserve
Smart move by the Obama adm. And I hope it does mess with the speculators, they have it coming!
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