The US has a strategic crude oil reserve, which Bush filled up to capacity for the first time in many years at some point in his first term - must have been in 2002, but I don't remember.
The Village Voice: Pumping Us Dry (September 2nd 2005)
Katrina tragedy is an absolutely perfect storm for oil companies ... If the companies can't increase their refined products, they could end up turning not to the petroleum reserve but to the European Union. While the U.S. keeps a supply of crude oil in its strategic reserve, the Europeans maintain a stock of gasoline as well as crude. There has been speculation that in a really tight situation, the EU might be called on to export some of that supply to the U.S.
Don't know if it is the same in the rest of EU. A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!
I didn't know gasoline was traded internationally as well. Atlantic Review - A press digest on transatlantic affairs edited by three German Fulbright Alumni
