The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (114969)	4/5/2008 9:54:57 AM
From: DebtBomb	Read Replies (1) of 306849

Got oil? Looks like oil is going up for this election. Energy Dept. sets aside more oil WASHINGTON - The Energy Department said Friday it would continue putting oil into the Strategic Petroleum Reserve even as crude oil prices remain above $100 a barrel. The department announced a solicitation of bids for 13 million barrels of oil, with deliveries expected to begin in August, when the current delivery contracts expire. Oil will be put into the reserve at about 76,000 barrels a day, about the same rate as current deliveries, through December. Two years ago, President Bush temporarily halted the delivery of oil into the reserve as part of a plan "to confront high gasoline prices" as the summer driving season was about the begin. "When supplies are tight, every little bit counts," the White House said at the time. No shipments to the reserve were made from May 2006 to April 2007. news.yahoo.com

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