ExxonMobil Seeks to Tap Strategic Reserve (at The Wall Street Journal Online)

Louisiana Governor Bobby Jindal Monday evening said he expected ExxonMobil Corp. to ask the Department of Energy to release crude oil from the nation’s Strategic Petroleum Reserve in the wake of Hurricane Gustav, which made landfall on the U.S. Gulf Coast. “Exxon probably will ask tomorrow,” Mr. Jindal said. The SPR is the nation’s 700-million-barrel reserve held in case of crude... [read full story]