Free Republic

Roughly one month ago, the White House answered one question we’ve been hammering them about for more than a year. Joe Biden drained nearly 200 million barrels of oil out of the Strategic Petroleum Reserve in a failed effort to keep gas prices low ahead of the midterm elections. Was he ever planning on replacing that oil? And how much would it cost if he does?At the time, Biden was saying that he would place the first order for three million barrels of oil for the SPR in February. That doesn’t happen overnight, so they opened up the process to...

Packed Containers Piling Up At Asian Ports Because There's Too Much Demand From West Vincent Fernando, CFA Mar. 30, 2010, 6:16 AM Packed containers are piling up at Asian ports as strong demand from the U.S. and Europe causes a lack of supply of ships. Shipping companies had purposefully idled capacity during the economic downturn, then started to bring it back recently. Yet they didn't do it fast enough to keep up with the robust pick-up in demand from the West.[snip]