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Reply #13: Reuters: Bush adding more oil to U.S. petroleum reserve [View All]

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Snazzy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-06-04 10:59 AM
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13. Reuters: Bush adding more oil to U.S. petroleum reserve
Bush adding more oil to U.S. petroleum reserve
Reuters News Service

WASHINGTON - The Bush administration said today it is adding more oil to the U.S. emergency petroleum reserve, despite record high crude prices and strong oil demand.

The U.S. Interior Department said it awarded contracts to ChevronTexaco Corp. and Royal Dutch/Shell Group's Shell Oil to deliver more than 100,000 barrels of crude a day to the nation's Strategic Petroleum Reserve.

The oil will be delivered over a six-month period beginning on Oct. 1 and concluding next March 31.

The Bush administration has been criticized by energy experts and some politicians for taking oil off the market to put in the reserve at times of high fuel prices and strong petroleum demand.

....

http://www.chron.com/cs/CDA/ssistory.mpl/business/energ...


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  -CNBC: Oil companies get contracts to add to strategic reserve Newsjock  Aug-06-04 09:44 AM   #0 
  - Raping and pillaging the US coffers again. That's all * does.  soothsayer   Aug-06-04 09:46 AM   #1 
  - Nice that we're doing it at record barrel prices too  kysrsoze   Aug-06-04 09:58 AM   #8 
  - great, drive up oil prices more ....  hadrons   Aug-06-04 09:47 AM   #2 
  - Great idea. Drive up demand EVEN HIGHER by hoarding gas for the reserve.  MallRat   Aug-06-04 09:48 AM   #3 
  - Raping and looting.............  DumpGump   Aug-06-04 09:55 AM   #6 
  - I thought that the first time I heard shrub was doing this 2-3 months ago!  napi21   Aug-06-04 09:49 AM   #4 
  - Run up a big bill now so Kerry gets hit with it later N/T  Sentinel Chicken   Aug-06-04 09:53 AM   #5 
  - It could also mean that Bush* expects oil shipments to be cut off.  amandabeech   Aug-06-04 09:58 AM   #7 
  - Leave No Oil Company Behind !-What a great energy policy  rfkrocks   Aug-06-04 09:59 AM   #9 
  - Any poor person/blue-collar worker who is still planning to vote for Bush  tandot   Aug-06-04 10:05 AM   #10 
  - morons for Bush  Der_Alte   Aug-06-04 11:04 AM   #14 
  - Damnit! He's got it backwards again!  htuttle   Aug-06-04 10:16 AM   #11 
  - what did clinton do?  bullimiami   Aug-06-04 10:34 AM   #12 
  - Reuters: Bush adding more oil to U.S. petroleum reserve  Snazzy   Aug-06-04 10:59 AM   #13 
  - While the rip off concept has some legs...  Geo55   Aug-06-04 11:14 AM   #15 
  - They only have 3 more months to rob the public and they  Skidmore   Aug-06-04 11:17 AM   #16 
  - Too bad  aneerkoinos   Aug-06-04 03:55 PM   #17 
 

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