http://topics.cnn.com/topics/feeds/rss/U_S_Strategic_Petroleum_ReserveFind stories, videos, and photos about U.S. Strategic Petroleum Reserve from CNN.com.en-usCable News Network LP, LLLP.Thu, 26 Nov 2009 03:41:13 GMT5http://i.cdn.turner.com/cnn/.element/img/1.0/logo/cnn.logo.rss.gifhttp://topics.cnn.com/topics/feeds/rss/U_S_Strategic_Petroleum_Reserve14433Find stories, videos, and photos about U.S. Strategic Petroleum Reserve from CNN.com.http://money.cnn.com/2008/09/03/news/economy/gas_prices/index.htmhttp://money.cnn.com/2008/09/03/news/economy/gas_prices/index.htmGasoline prices continued to fall , according to a nationwide survey of gas station credit card swipes, even after Hurricane Gustav caused the shutdown of more than a dozen Louisiana refineries in the past several days.Wed, 03 Sep 2008 12:40:00 EDThttp://money.cnn.com/2008/08/28/markets/markets_newyork/index.htmhttp://money.cnn.com/2008/08/28/markets/markets_newyork/index.htmStocks jumped Thursday, with the Dow and S&P 500 rising for the third straight session thanks to lower oil prices, a surprisingly strong reading on second-quarter economic growth, and a rally in the financial sector.Thu, 28 Aug 2008 21:57:00 EDThttp://money.cnn.com/2008/08/28/markets/oil/index.htmhttp://money.cnn.com/2008/08/28/markets/oil/index.htmOil prices ended lower Thursday, reversing an early spike, as traders sized up a potentially devastating blow to production from Tropical Storm Gustav and reacted to a decline in natural gas prices.Thu, 28 Aug 2008 19:38:00 EDThttp://money.cnn.com/2008/08/22/markets/oil/index.htmhttp://money.cnn.com/2008/08/22/markets/oil/index.htmOil prices plummeted Friday, erasing the previous session's spike, as the dollar strengthened and investors worried that a decline in demand will spread outside the United States.Fri, 22 Aug 2008 19:17:00 EDThttp://money.cnn.com/2008/08/04/news/economy/obama_energy/index.htmhttp://money.cnn.com/2008/08/04/news/economy/obama_energy/index.htmDemocratic presidential candidate Barack Obama said Monday that he feels Americans' pain from rising energy costs and laid out his plan to break the country's "addiction" to oil.Mon, 04 Aug 2008 21:07:00 EDThttp://www.cnn.com/2008/POLITICS/07/17/pelosi.interview/index.html#cnnSTCTexthttp://www.cnn.com/2008/POLITICS/07/17/pelosi.interview/index.html#cnnSTCTextHouse Speaker Nancy Pelosi called President Bush "a total failure" on Thursday, among the California Democrat's harshest assessments to date of the president.Fri, 18 Jul 2008 13:25:00 EDThttp://money.cnn.com/2008/07/14/markets/oil/index.htmhttp://money.cnn.com/2008/07/14/markets/oil/index.htmOil prices were virtually unchanged Monday as a plan to aid the major U.S. mortgage finance firms was countered by continuing concerns about supply, particularly after Brazilian oil workers began a 5-day strike.Mon, 14 Jul 2008 19:20:00 EDThttp://www.cnn.com/2008/POLITICS/06/10/congress.oil.profits/index.html#cnnSTCTexthttp://www.cnn.com/2008/POLITICS/06/10/congress.oil.profits/index.html#cnnSTCTextSenate Republicans on Tuesday blocked a Democratic initiative that would have taxed the windfall profits oil companies have enjoyed due to rising energy prices, with the minority leader calling the proposal a "gimmick."Tue, 10 Jun 2008 18:02:00 EDThttp://money.cnn.com/2008/06/03/news/economy/gas_prices_wrapup/index.htmhttp://money.cnn.com/2008/06/03/news/economy/gas_prices_wrapup/index.htmWith a nationwide average gas price of just about $4 a gallon, lots of people are thinking there must be something the government can do to help.Thu, 05 Jun 2008 15:10:00 EDThttp://money.cnn.com/2008/05/20/news/economy/senate_commodities/index.htmhttp://money.cnn.com/2008/05/20/news/economy/senate_commodities/index.htmSpeculation in the commodity markets took much of the blame for skyrocketing energy and food prices at a Senate hearing TuesdayTue, 20 May 2008 20:47:00 EDThttp://money.cnn.com/2008/05/19/news/economy/bush_spr/index.htmhttp://money.cnn.com/2008/05/19/news/economy/bush_spr/index.htmPresident Bush will sign a bill halting U.S. government purchases of oil to replenish the nation's emergency supply, a White House spokesman said Monday.Mon, 19 May 2008 15:16:00 EDThttp://money.cnn.com/2008/05/13/news/economy/spr/index.htmhttp://money.cnn.com/2008/05/13/news/economy/spr/index.htmCongress, as part of a plan to tame record oil prices, is voting Tuesday on measures aimed at stopping President Bush from continuing to fill the nation's Strategic Petroleum Reserve.Tue, 13 May 2008 16:28:00 EDThttp://money.cnn.com/2008/04/03/news/economy/senate_oil_prices/index.htmhttp://money.cnn.com/2008/04/03/news/economy/senate_oil_prices/index.htmAs gas prices hit another record high Thursday, senators in Washington suggested Congress may need to intervene and change how investors buy and sell oil.Thu, 03 Apr 2008 19:58:00 EDThttp://money.cnn.com/2007/01/24/markets/oil_eia/index.htmhttp://money.cnn.com/2007/01/24/markets/oil_eia/index.htmOil prices moved into positive territory Wednesday, finishing slightly higher despite a government report that revealed a surprising jump in U.S. distillates and gasoline supplies.Wed, 24 Jan 2007 14:39:00 ESThttp://money.cnn.com/2006/08/07/pf/saving/toptips/index.htmhttp://money.cnn.com/2006/08/07/pf/saving/toptips/index.htmThe biggest oilfield in the United States is shutting down because of severe corrosion. Alaska's Prudhoe Bay pipeline supplies about 8 percent of the nation's oil supply. Keep in mind, this pipeline had the biggest ever recorded oil spill in that region five months ago.Mon, 07 Aug 2006 14:54:00 EDThttp://money.cnn.com/2006/06/28/markets/oil_eia/index.htmhttp://money.cnn.com/2006/06/28/markets/oil_eia/index.htmOil prices ended higher Wednesday after a government report said supplies of crude oil and gasoline fell more than expected.Wed, 28 Jun 2006 14:28:00 EDThttp://www.cnn.com/2006/US/04/26/feedback.energy.prices/index.htmlhttp://www.cnn.com/2006/US/04/26/feedback.energy.prices/index.htmlAs gasoline prices surpass $3 a gallon nationwide, CNN.com asked readers what they thought of President Bush's proposals to tackle the problem, including halting deposits to the U.S. Strategic Petroleum Reserve and an investigation into whether price gouging has occurred.Wed, 26 Apr 2006 16:58:00 EDThttp://money.cnn.com/2006/04/26/markets/oil_eia/index.htmhttp://money.cnn.com/2006/04/26/markets/oil_eia/index.htmOil prices fell Wednesday after a government report said gasoline supplies fell less than forecasters had expected.Wed, 26 Apr 2006 13:43:00 EDThttp://money.cnn.com/magazines/fortune/fortune_archive/2005/10/17/8358055/index.htmhttp://money.cnn.com/magazines/fortune/fortune_archive/2005/10/17/8358055/index.htmPresident Bush's career as an oil exec may have been undistinguished, but as U.S. chief executive he's done just fine managing the Strategic Petroleum Reserve, our nation's emergency oil stockpile. Since taking office, he's added more than $6.5 billion worth of crude--all without spending a dime. In November 2001, on the heels of 9/11, Bush decided to fill the SPR to its then-700-million-barrel capacity. The price of oil has since nearly tripled. Bush avoided paying for the crude by taking advantage of an existing barter exchange between producers and the federal government, which trades oil for the use of government land. After Hurricane Katrina slowed production, the President--in an effort to ease supply shortages--sold 11 million barrels of oil for between $60 and $66 a barrel, bringing $702 million into federal coffers. The Department of Energy estimates that the SPR's stock has been acquired for an average cost of $27 per barrel. If it were all sold today, it'd be worth $44 billion. There's nothingMon, 17 Oct 2005 04:01:00 EDThttp://money.cnn.com/2005/09/30/news/economy/gas_reserve/index.htmhttp://money.cnn.com/2005/09/30/news/economy/gas_reserve/index.htmTwo Democratic senators proposed legislation Thursday that would create an emergency gasoline and jet-fuel reserve.Fri, 30 Sep 2005 12:00:00 EDThttp://money.cnn.com/2005/09/26/news/economy/bush/index.htmhttp://money.cnn.com/2005/09/26/news/economy/bush/index.htmPresident Bush said Monday his administration is willing to tap the nation's strategic oil reserve to deal with supply shortfalls caused by hurricanes Katrina and Rita and urged Americans to practice energy conservation.Mon, 26 Sep 2005 14:35:00 EDThttp://money.cnn.com/2005/09/01/news/economy/spr/index.htmhttp://money.cnn.com/2005/09/01/news/economy/spr/index.htmSecretary of Energy Samuel W. Bodman announced Thursday that the Department of Energy has approved two requests for a loan of crude oil from the Strategic Petroleum Reserve (SPR).Thu, 01 Sep 2005 19:02:00 EDThttp://money.cnn.com/2005/09/01/markets/stockswatch/index.htmhttp://money.cnn.com/2005/09/01/markets/stockswatch/index.htmStocks looked set for a higher opening Thursday as investors digested a batch of economic reports.Thu, 01 Sep 2005 09:26:00 EDThttp://money.cnn.com/2005/08/31/news/economy/poll_gas_prices/index.htmhttp://money.cnn.com/2005/08/31/news/economy/poll_gas_prices/index.htmEven before feeling the economic effects of Hurricane Katrina, more than two-thirds of Americans said this week that high gas prices were causing them financial hardship -- 18 percent claiming serious hardship, 51 percent moderate hardship.Wed, 31 Aug 2005 21:09:00 EDThttp://money.cnn.com/2005/08/31/markets/markets_nyopen/index.htmhttp://money.cnn.com/2005/08/31/markets/markets_nyopen/index.htmStocks gripped the unchanged line Wednesday morning as relief about falling oil prices was tempered by disappointment that second-quarter economic growth was slower than thought.Wed, 31 Aug 2005 13:25:00 EDThttp://money.cnn.com/2005/08/31/news/spr/index.htmhttp://money.cnn.com/2005/08/31/news/spr/index.htmEnergy Secretary Samuel Bodman said Wednesday that the White House plans on tapping the nation's Strategic Petroleum Reserve to help refiners hurt by Hurricane Katrina.Wed, 31 Aug 2005 11:18:00 EDThttp://money.cnn.com/2004/11/03/markets/eia/index.htmhttp://money.cnn.com/2004/11/03/markets/eia/index.htmOil prices continued to slide Wednesday and hovered around the $49 a barrel level after the government reported that crude supplies jumped by 6.3 million barrels last week.Wed, 03 Nov 2004 15:33:00 ESThttp://money.cnn.com/2004/11/03/markets/bondcenter/bonds/index.htmhttp://money.cnn.com/2004/11/03/markets/bondcenter/bonds/index.htmU.S. Treasury prices slumped Wednesday, sending the yield on the 10-year note above 4.10 percent, as the perception that President Bush apparently won re-election drew money out of fixed-income securities and into equities.Wed, 03 Nov 2004 13:13:00 ESThttp://money.cnn.com/2004/10/27/markets/oil/index.htmhttp://money.cnn.com/2004/10/27/markets/oil/index.htmOil prices tumbled nearly $3 a barrel Wednesday after a report showing a bigger jump in crude oil inventories than traders and analysts had expected.Wed, 27 Oct 2004 15:07:00 EDThttp://money.cnn.com/2004/10/12/news/economy/gas_lines/index.htmhttp://money.cnn.com/2004/10/12/news/economy/gas_lines/index.htmWorry about gasoline prices if you want.Tue, 12 Oct 2004 16:55:00 EDThttp://money.cnn.com/2004/09/24/markets/markets_nyopen/index.htmhttp://money.cnn.com/2004/09/24/markets/markets_nyopen/index.htmStocks barely budged at the open Friday, as investors took in a weaker report on durable goods orders and kept an eye on oil prices.Fri, 24 Sep 2004 13:18:00 EDThttp://money.cnn.com/2004/08/25/news/economy/oil_stocks/index.htmhttp://money.cnn.com/2004/08/25/news/economy/oil_stocks/index.htmU.S. inventories of crude oil fell last week but stocks of distillate fuels -- the basis of home heating oil -- rose, according to a government report released Wednesday.Wed, 25 Aug 2004 14:26:00 EDThttp://money.cnn.com/magazines/fortune/fortune_archive/2004/06/14/372626/index.htmhttp://money.cnn.com/magazines/fortune/fortune_archive/2004/06/14/372626/index.htmSenator John Kerry has the reputation of a man who picks his words--and battles--carefully. But in recent months the Bush campaign's vaunted attack machine has spent millions portraying Kerry as a ...Mon, 14 Jun 2004 04:01:00 EDThttp://www.cnn.com/2004/US/05/18/gas.prices/index.htmlhttp://www.cnn.com/2004/US/05/18/gas.prices/index.htmlWASHINGTON (CNN) -- Spiraling gas prices are hammering consumers nationwide and not just on the roadways.Tue, 18 May 2004 20:57:00 EDThttp://money.cnn.com/magazines/fortune/fortune_archive/1990/11/05/74330/index.htmhttp://money.cnn.com/magazines/fortune/fortune_archive/1990/11/05/74330/index.htmWhen the price of crude oil recently passed $40 a barrel, most people blamed panicky traders and greedy speculators. Indeed, fear of war has helped push up prices from around $20 since Iraq invaded...Mon, 05 Nov 1990 05:01:00 ESThttp://money.cnn.com/magazines/fortune/fortune_archive/1985/03/04/65665/index.htmhttp://money.cnn.com/magazines/fortune/fortune_archive/1985/03/04/65665/index.htmIF ANYTHING resembling President Reagan's budget passes, the U.S. will be able to celebrate the Administration's first step toward fiscal restraint. But it will only be a small step--and it is like...Mon, 04 Mar 1985 05:01:00 EST