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DOE Floods Market with Thousands of Barrels of Crude


Transport Topics Trucking Magazine
Originally posted at Transport Topics Magazine online.

Superstorm Sandy did quite a bit of damage to the Eastern Seaboard. The storm and the stories surrounding it were media darlings for a few days, but somehow the story fell out of favor with mainstream media. What happened?

It’s not like the storm didn’t cause millions (perhaps billions) of dollars of damage to sensitive infrastructure on the east coast. It did. But once the weather cell was downgraded to a “storm” instead of a “hurricane,” the headline moxie seemed to disappear like the rain. Yet news continues to evolve.

What’s new this week?

The Department of Energy is releasing 100,000 barrels diesel fuel to the state of Connecticut as part of the ongoing recovery efforts from Hurricane Sandy.

Separately, New Jersey ended its odd-even gasoline rationing Tuesday morning, the Associated Press reported. Rationing begun late last week continues in New York City and on Long Island.

DOE released the diesel via the Department of Defense’s Defense Logistics Agency, which will provide emergency loans to fuel distributors in Connecticut to address fuel shortages in the state

The move follows President Obama’s declaration that Hurricane Sandy has “created a severe energy supply interruption” and direction that DOE loan DOD ultra-low sulfur diesel from the Northeast Home Heating Oil Reserve.

“This latest announcement is part of the broader federal effort to respond to those impacted by Hurricane Sandy and the more recent nor’easter storm,” DOE Secretary Steven Chu said in a statement.

Read the rest of the story at Transport Topics online.


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