Reflections on the "New American" Revolution
Monday, August 09, 2004
U.S. to Continue Filling Oil Reserve-Abraham: "The U.S. government will continue to build its strategic oil reserves despite record-high crude oil prices, Energy Secretary Spencer Abraham said on Monday.
'We clearly will use our oil reserves if there is a severe disruption' in oil supplies, Abraham said in an interview with CNBC television. 'That hasn't happened.' "
Filling the oil reserve with oil at $44 + / barrel is insane. Unless they are expecting a major disruption in supply. And what would cause that?
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