Announcement

Collapse
No announcement yet.

Oil Reserves tapped

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Oil Reserves tapped

    cnn.com breaking news

    AP: Bush administration to release oil from petroleum reserves to help refiners affected by Hurricane Katrina, U.S. energy secretary says. Details soon.
    Sponsor of:
    Brian Elliott
    Kolten Wong & the arch in the outfield grass at Busch Stadium
    5-29-14-House77 turns down offer of free beer from me

  • #2
    Originally posted by Guppy@Aug 31 2005, 06:20 AM
    cnn.com breaking news

    AP: Bush administration to release oil from petroleum reserves to help refiners affected by Hurricane Katrina, U.S. energy secretary says. Details soon.
    That's nice. It doesn't mean prices will come down as fast as they have gone up.

    The thing that pisses me off is that refineries produce @ demand, which is nice for any other industry since it keeps inventory costs low. But of all industries, the petroleum industry shouldn't be running @ demand. They should have oil in reserves just in case a oil platform is shut down.

    Comment


    • #3
      It won't put a dent in the rising prices. The bastards at the gas station will hold firm to make a profit!

      Here's a link about oil reserve.

      http://news.yahoo.com/news?tmpl=story&u=/a..._ge/oil_reserve

      Comment

      Working...
      X