Hurricane Katrina-International Oil

By: AP
By: AP

The US and other nations are going to release more oil from their reserves, to relieve the energy crunch from Hurricane Katrina.

The Bush administration says it's going to release 30 million barrels of oil from the nation's strategic stockpile.

Another 60 million barrels will come from overseas.

Energy Secretary Samuel Bodman says it's part of an "aggressive" federal response to the hurricane.

The fuel from abroad will be released by the International Energy Agency, based in Paris. It will be in the form of both crude oil and gasoline, and it will be released over the coming month.


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