Author: 123jump.com Staff
123jump.com
Last Update: 2:25 PM ET September 02 2005
This afternoon IEA said that it will release 2 million barrels a day for the next thirty days to the world market. This only underscores the fact that there are no extra production capacities available to pump oil and only 'global reserves of nations' can save the current crisis. The damage to the Gulf of Mexico infrastructure will not be restored for weeks as stated by oil companies operating in the region.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.
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