US May Seek World's Emergency Fuel

Feds still gauging disruption to supplies from Gulf hurricanes
By Ambreen Ali,  Newser User
Posted Sep 17, 2008 3:09 PM CDT
Marine One, with President Bush aboard, flies over oil refineries during his aerial tour of the damage from Hurricane Ike near Galveston yesterday.   (AP Photo/Pablo Martinez Monsivais)
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(Newser) – The Bush administration may ask the International Energy Agency to release emergency fuel stocks into the domestic market to cushion losses from hurricane-battered oil refineries, Reuters reports. Gustav and Ike temporarily closed a dozen Gulf Coast refineries, though all are in "reasonably good shape" according to an official, resulting in daily losses of 1.1 million barrels of gas production and 700,000 barrels of distillate fuel output.