| Submit your comments on this article |
| Home Front Economy |
| U.S. Suspends Filling of Strategic Oil Supply |
| 2008-05-17 |
| Bowing to pressure from Congress, the Energy Department said Friday that it would temporarily suspend a program to fill the nationÂ’s strategic oil stocks. But the move, which some analysts and politicians had hoped would help break the rally in oil prices, failed to sway the market. Crude oil prices hit another record Friday. The decision on the oil stocks came the same day that Saudi Arabia announced a modest increase of 300,000 barrels a day in its oil production as President Bush visited the oil-rich kingdom. |
| Posted by:Fred |
| #6 Want to effect the oil futures market - start drilling in ANWR, off both coasts and in the gulf off of Florida. Allow oil shale exploration in Colorado. Oh wait, what am I thinking - all that would effect the endangered effing polar bear. |
| Posted by: DMFD 2008-05-17 21:49 |
| #5 It was the rudder problem, but the same Swordfish strike caused an oil leak which cut down the number of refueling options. /and then They Cutter Down! |
| Posted by: George Smiley 2008-05-17 11:15 |
| #4 The enemy. |
| Posted by: Nimble Spemble 2008-05-17 10:11 |
| #3 Bush wins again. The reserve is at 97%, and the contract is good until July. This means that for all intents and purposes, it will be so close to 100% that it won't matter. Pelosi was as usual, a day late and a dollar short trying to prevent the filling of the reserve, when to her horror she realized that it would give the US the ability to fight Iran, or even fight Iran *back*, if it attacked us first. She is so craven, that she would prefer that the US be injured, as long as it wouldn't fight back. What is it with those people? They don't want a missile defense for fear that it will stop enemy missiles from hitting us, either. Insane masochists? |
| Posted by: Anonymoose 2008-05-17 09:22 |
| #2 I thought it was the torpedo in the rudder that was the problem. |
| Posted by: Oldcat 2008-05-17 03:17 |
| #1 And the BISMARCK was famously criticized for FAILING TO TOP OFF WID OIL WHEN IT HAD THE CHANCE, a German command decision which is believed to had contributed, among other, to the ship's later destruction in battle at the hands of the Royal Navy. " "NO MATTER THE COSTS TO ENGLAND/BRIT IN MEN, SHIPS, AND PLANES, YOU MUST SINK THE BISMARCK"! |
| Posted by: JosephMendiola 2008-05-17 00:28 |