Perdue urges Bush to tap reserves to help with gas shortages

29 09 2008

Atlanta Business Chronicle

Gov. Sonny Perdue has sent a letter to President George W. Bush to ask him to order the U.S. Department of Energy to release a significant amount of crude oil from the Strategic Petroleum Reserve to help ease the pain of fuel shortages in the Southeast .

“As refinery capacity is returning to pre-hurricane levels, I believe a surge in crude from the reserve would bridge the gap until full production resumes and lessen the impact of shortages on the daily lives of our citizens,” Perdue said.

The U.S. Department of Energy has reported 57.4 percent of crude oil production capacity in the Gulf of Mexico is out. This is a slight improvement from Friday, when 59.3 percent of capacity was out.

The DOE has already released more than 4 million barrels of oil from the reserve. While it would take time for the crude to be processed by refineries and shipped to metro Atlanta market, release of the reserve would ensure fuel supplies continue to rise, the governor’s office said.

Read the letter here.

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