Fill it up

by YankeeJim | June 23, 2011 at 07:32 am

45 views | 1 Recommendation | 0 comments

Pumps are full

Is this prudent? Libya only accounts for 3% and they are not out of business.

“Breaking News Alert: U.S. to release 30 million barrels of oil from Strategic Petroleum Reserve
June 23, 2011 9:43:07 AM

The Obama administration announced Thursday that it would release 30 million barrels of oil from the emergency Strategic Petroleum Reserve, citing the loss of oil production as a result of the conflict in Libya and the upcoming energy demands of the summer season.

The step, amid signs that rising fuel prices is hampering the economic recovery, is part of a global coordinated action that will release a total of 60 million barrels of oil.

http://link.email.washingtonpost.com/...DA51/9A/h”