Draining of emergency oil reserves draws criticism that the White House is trying to lower gas prices with midterm election politics in mind.
Category: Energy Department
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U.S. to Release Millions More Barrels of Oil to Contain Gas Prices
The New York Times – Business:The Department of Energy will release 15 million more barrels from the Strategic Petroleum Reserve and plans additional releases this winter.
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Charles W. Duncan Jr., Energy Secretary in Oil Crisis, Is Dead at 96
The New York Times – Business:Heir to a Houston coffee fortune and a former president of Coca-Cola, he joined President Jimmy Carter’s cabinet in 1979 as oil shortages roiled the nation.