Las Vegas Sun

November 25, 2009

Currently: 60° | Complete forecast | Log in

Crude rises on Bush decision

Tuesday, Nov. 13, 2001 | 9:43 a.m.

WASHINGTON -- President Bush ordered the government today to boost its emergency stockpile of oil by millions of barrels as a precaution to "strengthen the long-term energy security of the United States."

The Strategic Oil Reserve, which currently has 544 million barrels of oil, is to be filled "in a deliberate and cost-effective manner" up to its full capacity of 700 million barrels, Bush said in a statement. Officials said the decision was not related to terrorism or the war in Afghanistan.

Crude oil prices rose 3 percent on the news.

archive

  • Most Read
  • Discussed
  • Most E-mailed

Complete Listing

Calendar »

  • 25 Wed
  • 26 Thu
  • 27 Fri
  • 28 Sat
  • 29 Sun

All events on Wednesday »