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Energy Reserves

Obama Tapped Oil Reserves Due To Concerns About Fragile Economy

Posted 08.23.2011 | Business

WASHINGTON (Ayesha Rascoe, Roberta Rampton, Tom Doggett, Timothy Gardner, Jeff Mason, Tabassum Zakaria, Matt Spetalnick, and Joshua Schneyer) - Co...

Markets Drop On News Governments Will Collectively Tap Oil Reserves

Posted 08.23.2011 | Business

NEW YORK - Oil prices crashed more than $8 to a four-month low on Thursday after the world's consumer nations said they would band together to aid...

Obama Ready To Release Oil From Petroleum Reserve

AP | MATTHEW DALY | Posted 08.23.2011 | Politics

WASHINGTON — Wary of a new surge in gas prices, the Obama administration said Thursday it is selling off 30 million barrels of oil from the coun...