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Oil Reserves Released
Message
From
26/06/2011 03:25:01
Dragan Nedeljkovich (Online)
Now officially retired
Zrenjanin, Serbia
 
 
To
24/06/2011 07:25:51
General information
Forum:
Finances
Category:
Other
Miscellaneous
Thread ID:
01515827
Message ID:
01516105
Views:
41
>http://www.ft.com/cms/s/0/dbf5f648-9d9c-11e0-9a70-00144feabdc0.html#axzz1QBwVse86
>
>Snippet:
>
>This is only the third time in the history of the IEA – set up in 1974 as a counterbalance to Opec after the Arab oil crisis – that there has been a release. The move has been triggered by western concerns about the impact of high crude prices on the economic recovery.

This covers, as I have heard, about 18 hours of world's consumption, or 3 days of US. It's a token move.

It would be much more interesting had they released the total reserve _information_.

back to same old

the first online autobiography, unfinished by design
What, me reckless? I'm full of recks!
Balkans, eh? Count them.
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