CRUDE OIL forum: June 2011 Pres. Obama authorizes rel. of 30 Mil Barrels from SPR
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| President Obama authorized the release of 30 Mil Barrels from SPR. The earliest the petrol can hit the markets is 13 days after Presidential authorization. The Strategic Petroleum Reserve Web site: (note: left panel headlines on content including removal, restocking policy and intent of use) http://www.spr.doe.gov/ Energy Sec. Chu states that because Libya production is interrupted by 1.5 Mil Barrels a day we will release 30 mil. Barrels into global markets (along with 30 Mil released by other global providers. States that typically summer months are when gas prices go up… the release will stabilize prices/economy. http://www.politico.com/news/stories/0611/57620.html http://blogs.abcnews.com/politicalpunch/2011/06/obama-taps-s... http://en.wikipedia.org/wiki/Strategic_Petroleum_Reserve_(Un... "There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle." --Albert Einstein ~ All Things Plants, SOUTHWEST GARDENING ~Cubits.org ENERGY & POWER |
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| Just wanted to drop by and comment that I feel our discussions of 2011 in this cubit helped us understand the dialogue occurring in Wash. D.C., the campaigns and media season. Helped me anyway... hopefully it helps a few of you, too! "There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle." --Albert Einstein ~ All Things Plants, SOUTHWEST GARDENING ~Cubits.org ENERGY & POWER |
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