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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (12362)	6/30/2011 11:18:28 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 24231

IEA eyes oil release 'extension' The International Energy Agency(IEA) could decide by mid-July whether the release of strategic oil reserves needs to be extended for a month or two, an official said. The move would be in defiance of Opec’s criticism of the IEA’s decision last week to release 60 million barrels over an initial 30-day period to fill the gap in supplies left by the disruption to Libya's output. Richard Jones, deputy executive director of the 28-member agency, said he believed the release would be temporary since demand would likely drop in the fourth quarter. upstreamonline.com