Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: Patricia Trinchero who wrote (119118)	11/8/2007 2:49:36 PM
From: SiouxPal	Read Replies (1) \| Respond to of 362334

My 'Widget' on my Mac showed the Dow down 360 points. That was wrong.

To: Patricia Trinchero who wrote (119118)	11/8/2007 2:51:45 PM
From: stockman_scott	Respond to of 362334

Clinton urges Bush to tap oil reserves _____________________________________________________________ By Tom Doggett Reuters WASHINGTON Democratic presidential candidate Sen. Hillary Clinton called on the Bush administration to tap into the government's emergency crude oil and heating oil reserves to boost supplies and lower prices. "I urge the President to release oil from the Strategic Petroleum Reserve and the Northeast Heating Oil Reserve to send a signal to the market and ease concerns about low crude oil stocks that are driving prices higher," Clinton said in a statement posted on Wednesday on her campaign Web site. The price of U.S. crude oil hit a record $98.62 per barrel on Wednesday at the New York Mercantile Exchange and the average price consumers paid for home heating oil reached a record $3.11 per gallon this week, partly from concerns about tight petroleum supplies this winter. Energy Department data also showed this week was the first time ever that the retail prices for heating oil, gasoline and diesel fuel all topped $3 per gallon at the same time. The Bush administration has repeatedly said that the crude oil and heating oil reserves should only be used to offset major supply disruptions and not to manage energy prices. A campaign spokesman for the New York senator and Democratic presidential front-runner said she believes the stockpiles can be used for either supply problems or to curb high prices. Former President Bill Clinton was criticized for ordering the release of up to 30 million barrels from the crude oil reserve in September 2000 to boost available heating fuel supplies heading into the winter. Republicans accused him of tapping the oil reserve just six weeks before that year's November election to help then-Vice President Al Gore's presidential campaign. The Strategic Petroleum Reserve, created by Congress after the 1973-1974 Arab oil embargo, now holds 695 million barrels of crude at four underground storage sites in Texas and Louisiana. The 2 million-barrel heating oil reserve is located in the Northeast, where about one-third of the households use the fuel as their main heating source. (Reporting by Tom Doggett, editing by Vicki Allen) Copyright © 2007 ABC News Internet Ventures