The New York Times: U.S. Adding More Oil to Emergency Reserve
“Royal Dutch/Shell Group’s Shell Oil to deliver more than 100,000 barrels of crude a day to the nation’s Strategic Petroleum Reserve.”
By REUTERS
Posted 7 August 04
WASHINGTON (Reuters) – The Bush administration said on Friday it was adding more oil to the U.S. emergency petroleum reserve, despite record high crude prices and strong oil demand.
The U.S. Interior Department said it awarded contracts to ChevronTexaco Corp. and Royal Dutch/Shell Group’s Shell Oil to deliver more than 100,000 barrels of crude a day to the nation’s Strategic Petroleum Reserve.
The oil will be delivered over a six-month period beginning on Oct. 1.