The Bush administration said
Thursday, Sept. 23 it is weighing a request from several U.S. refiners to
borrow crude oil from the Strategic Petroleum Reserve to help offset supply
disruptions along the Gulf Coast from Hurricane Ivan.
The government Sept. 22 reported the nation's crude supply
fell by 9.1 million barrels the previous week because of Ivan-related
disruptions to oil production and shipping, bringing inventories to 269.5
million barrels, or 5 percent below last year’s level.
“Certainly Hurricane Ivan had an effect on the supply of oil
imports and production in the Gulf of Mexico,” said White House spokesman Scott
McClellan. “It has limited some refiners’ access to crude oil supplies.”
He said that the Department of Energy was reviewing the
McClellan confirmed media reports that many U.S. refineries
want to borrow from the reserve for short periods. He said it was important “to
make sure that our system continues to operate until production and imports