succeeded in stopping the Bush administration from adding another 13 million barrels to the nation’s crude oil stockpile. Critics said stockbuilding by the Department of Energy and other government agencies around the world is unnecessarily adding strength to an already out-of-control oil market. Congress passed legislation in mid-month ordering the DOE to suspend its stockbuilding…
MARKETS: US Congress stops DOE adding 13 million barrels of oil to stockpile
Posted on May 25, 2008 by EnergyAsia