SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Liberalism: Do You Agree We've Had Enough of It?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tonto who wrote (124775)2/26/2012 7:02:40 PM
From: FJB2 Recommendations  Read Replies (1) of 224680
 
Yes, they did release them. Were they ever used? Probably doubtful. The 30 million barrels released are less than two days of our use.

----------------------------------------------------------------------------------------------------------
With the demand for gas expected to rise in the upcoming summer driving season, President Obama made the surprise announcement today that his is releasing 30 million barrels from the U.S. Strategic Petroleum Reserve into the global oil markets over the next month.

The decision is “due to the major supply disruptions in Libya and other countries and the resulting tightness of the market and the effect that that is having on economic growth both here and abroad. The overriding purpose of our effort is to increase supply to counter any shortfall and meet this typical increase in oil demand over the summer. We are heading into a period in which demand for oil tends to be at its highest,” a senior administration official explained.

abcnews.go.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News