Alert: U.S. to release 30 million barrels of oil from Strategic Petroleum Reserve and Could Lindsey Williams be right?

June 23, 2011

Alert: Obama releasing 30M barrels from US oil reserve to offset Mideast turmoil, high gas prices

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/r/HXJVEI/V16Y2C/RP7L84/YEZZS8/TDA51/9A/h