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Gold/Mining/Energy : TRANSWORLD OIL & GAS (TWOG.PK)

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From: guanxi20058/31/2005 1:03:52 PM
   of 437
 
AP
White House to Release Oil From Reserves
Wednesday August 31, 12:13 pm ET
By Eileen Putman, Associated Press Writer
Bush Administration to Release Oil From Petroleum Reserves to Boost Supply Hurt by Katrina

WASHINGTON (AP) -- The Bush administration will release oil from federal petroleum reserves to help refiners affected by Hurricane Katrina, Energy Secretary Samuel Bodman said Wednesday.
The move, which was expected later in the day, is designed to give refineries a temporary supply of crude oil to take the place of interrupted shipments from tankers or offshore oil platforms affected by the storm.

biz.yahoo.com
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