Wednesday, August 31, 2005

Oil away – “The government's emergency petroleum stockpile — nearly 700 million barrels of oil stored in underground salt caverns along the Texas and Louisiana Gulf Coast — was established to cushion oil markets during energy disruptions.” I always thought the Strategic Petroleum Reserve was supposed to be tapped only in the event of war, but the Department of Energy says “in the event of an energy emergency.” I think this qualifies.

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