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Friday, 2 November 2012

US Releases Heating Oil Reserves for First Time Ever -

US Releases Heating Oil Reserves for First Time Ever - 



The Energy Department will release fuel from the northeast heating oil reserve to help in the Hurricane Sandy recovery efforts.

An evacuee is helped off a National Guard truck October 31, 2012 in Hoboken, New Jersey. Hurricane Sandy which made landfall along the New Jersey shore, has left parts of the state and the surrounding area flooded and without power.
This release includes diesel fuel for emergency equipment and buildings, including electrical generators, water pumps, GSA buildings, trucks and other vehicles.

“Today’s announcement is part of the broader federal effort to respond to those impacted by Hurricane Sandy,” said Energy Secretary Steven Chu. “This loan from the Northeast Home Heating Oil Reserve will help ensure state, local and federal responders in the impacted area have access to the diesel fuel they need to continue response and recovery efforts.”

This is the first time fuel has been released from the heating oil reserve.

Read more -
http://www.cnbc.com/id/49666279

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