Thursday, June 23, 2011

US and others plan biggest release of reserve oil (AP)

In this June 21, 2011 photo, Shell gas worker Toke Fusi lowers gas prices at a Shell gas station in Menlo Park, Calif. Wary of a new surge in gas prices, the Obama administration has decided to release 30 million barrels of oil from the country's emergency reserve as part of a broader international response to lost oil supplies caused by turmoil in the Middle East and North Africa, particularly Libya. (AP Photo/Paul Sakuma)AP - The United States and other nations that depend on oil imports will release and sell 60 million barrels of crude from emergency stocks in an effort to ease the strain of high oil prices on the global economy.


Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http://news.yahoo.com/s/ap/20110624/ap_on_bi_ge/us_oil_economy

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