Monday, January 21, 2008

Oil Crisis As Barrels Go Missing, According to Audit

How do you not notice when 308,000 barrels of oil go missing?

That's the question government auditors were asking after they looked into the Department of Energy's management of oil received for the Strategic Petroleum Reserve, a critical program to assure energy stability in the U.S. in case of an oil crisis.

To help add to the reserve, DOE receives a portion of the royalty oil that the Department of the Interior gets in return for allowing petroleum companies to drill on government lands and waters. Read more..

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