Strategic-petroleum-reserve - Latest Popular Stories, Instablogs Community

Oil fluctuates as Gustav bears down on Gulf

AP — Thu, 28 Aug 2008 15:52:18 +0000

Oil prices fluctuated sharply Thursday as Tropical Storm Gustav spun toward the Gulf of Mexico, with some traders fearing a disruption in supplies and others betting that the government would tap the Strategic Petroleum Reserve if needed. Either way, consumers were likely to see a hike in gas prices for Labor Day weekend.

Oil sets record near $128; retail gas at new high

AP — Fri, 16 May 2008 17:30:14 +0000

Oil prices held on to most of their gains Friday after Saudi Arabia’s oil minister said his country boosted production by 300,000 barrels per day last week in response to requests from customers. The market also showed little reaction to news...

Feds will stop sending oil into reserves

AP — Fri, 16 May 2008 16:58:45 +0000

The Energy Department says it has canceled oil shipments into the Strategic Petroleum Reserve beginning in July when the current purchase contract expires.The move came days after Congress passed legislation requiring the president to suspend...

US oil shipments canceled.

AP — Fri, 16 May 2008 16:57:26 +0000

Energy Dept. Sets Aside More Oil

AP — Fri, 04 Apr 2008 22:23:52 +0000

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...

Loopholes in President Bush' new fuel laws

Zodingliani — Wed, 26 Apr 2006 08:08:00 +0000

Despite repeated efforts, the cost of gas prices are increasing in the US and with election due soon President Bush is trying his best to win over the situation. With prices touching $3-plus for gasoline, Bush has called for suspending shipments...