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Tuesday, December 11, 2007

Senate drills Bush official over oil prices

Indeed; why add to storage during a period of high prices? Probably because prices are expected to get even higher.

By Steve Hargreaves, CNNMoney.com staff writer

December 11 2007: 5:16 PM EST

NEW YORK (CNNMoney.com) -- A Senate panel grilled a key government energy expert Tuesday over why the Bush administration plans to continue adding to the nation's oil reserve as the price of crude spikes near $100 a barrel.

Click for the whole story
Posted by Ian Langdon at 10:21 PM

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About Me

Ian Langdon
Calgary, Alberta, Canada
Third Generation Albertan; my family has been in Alberta for over 100 years. Professional knowledge and experience in the petroleum industry, including petroleum economics. Experience in both domestic and international oil and gas. Experience in both "big oil" and small startup. Social liberal and fiscal conservative.
View my complete profile