BY a 97-1 vote in the Senate and a veto-proof margin of 385-25 in the House, Congress ordered the White House not to purchase any more oil for the Strategic Petroleum Reserve until the price drops to $75 a barrel.
Oil traders were unimpressed. The price of oil rose to $126 a barrel
proof margin of 385-25 in the House, Congress ordered the White House not to purchase any more oil for the Strategic Petroleum Reserve until the price drops to $75 a barrel.

The Energy Department says it will stop adding oil to the Strategic Petroleum Reserve in August, news agencies report. AP says the current contract ends in July.
USA TODAY's Charles Levinson reports that Saudi Arabia's King Abdullah told President Bush today that he is powerless to bring down rising gas prices, dashing hopes that the oil rich kingdom would boost supply to meet skyrocketing global demand.

By Heath Haussamen, 5-16-08 Ninety-seven US senators voted on Tuesday to stop filling the Strategic Petroleum Reserve for six months, a move they say they

WASHINGTON (AFP) — The United States is halting shipments to its strategic oil reserve for the second half of the year after Congress passed a bill calling

WASHINGTON (AP) — The Energy Department says it has canceled oil shipments into the Strategic Petroleum Reserve beginning in July when the current purchase

The rail uses just one-sixth the energy that road transport does to move every tonne of cargo — A. Roy Chowdhury. If the price of beans doubles,