There is speculation that Obama will announce oil release from strategic reserves.
Previously there were reports that the United States and the U.K. had agreed on a coordinated oil release from the strategic reserves at an undetermined time in the future.
Mr Cameron has no such oil lake to call his own, but his support would provide some political cover if Mr Obama decided to release oil from the SPR without backing from the International Energy Agency, the rich-world oil club and supposed custodian of the world's strategic reserves.
Fracking is the process of blasting water at high pressure into shale rock to release oil or gas held within it.
Fracking uses high-pressure mixtures of water, sand or gravel and chemicals to crack rock formations and release oil and natural gas deep underground.
President Obama worked with the 28-member International Energy Agency to reach a decision to release oil from U.S. and other country reserves to increase supply during the month of July.
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American innovation in discovering new techniques to release oil and gas from shale has paid massive dividends to the energy sector and created thousands of new jobs in the industry.
It also would offer incentives for renewable energy, require the government to release oil from its emergency reserve, and force oil companies to drill on federal lands they already lease from the government.
Yet once those concerns are relieved, oil can fall quickly: Crude dropped 4.5% this week on speculation that the U.S. and other nations might release oil from their strategic reserves to combat high prices and that Saudi Arabia might increase production.
As long as oil continues to be a significant energy source, the risks associated with accidental release of oil will continue to pose a threat that must be managed.
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That's not enough to set it on fire, but it is enough to release the oil.
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These algae now release their oil, which floats to the surface of the culture vessel.
Another suggestion, to release some oil from the strategic reserve, would bring a temporary benefit at best.
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Yet another idea, to release some oil from America's Strategic Petroleum Reserve, would doubtless help to bring prices down briefly.
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Germany has also said it is ready and willing to "dip into its own emergency oil reserves" to release some 2 million barrels a day for 30 days.
Monday's decline in oil prices follows the release of a transcript of the Federal Reserve's December meeting showing that policymakers disagreed over how long to keep a bond-purchase program in place.
In order to head off a round of sharply higher energy prices -- spurred by anticipation of future supply disruptions and the activities of speculators -- the United States obtained the agreement of its allies to release Western oil stocks at the first sign of significant price hikes.
Wednesday: The weekly crude oil inventories are slated for release along with earnings from Shaw Group.
It took 85 days to permanently stop the release of crude oil.
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Because of that sharp price difference, the release of crude oil reserves by the International Energy Administration was the right move, he said.
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There was discussion of a broad release of national oil reserves to steady shaky energy markets when tough new sanctions on Iran's oil exports kick in.
Wednesday: The weekly crude oil inventories are slated for release along with earnings from Shaw Group (nyse: SGR - news - people ).
The process involves pumping water containing small percentages of other materials into the porous shale under pressure to hydraulically fracture it and release the trapped oil and gas.
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Specifically, the Center recommends that the United States and its allies agree to a firm policy on the immediate release of Western oil stocks in the event of any disruption of oil supplies or price increases caused by speculators.
The deal for Mariner is even larger with 181M proven barrels of oil equivalent (47 percent are oil or other hydrocarbon liquids), but according to the press release there is the potential of 2B barrels of oil equivalent among their 50 deepwater prospects.
The upshot is that Mr Clinton may release 30m barrels of oil on to the market only to find prices rising again after an early cold snap in Connecticut.
If refineries ask for it, the Energy Department says they'll be in contact with these West Coast refiners to assess their needs and see if they should release some of this oil.
Brazilian oil major Petrobras (PBR) said in a press release late Thursday that it has found the equivalent of 700 million barrels of oil in deep water Gulf of Mexico at the Keathley Canyon bloc it runs together with ExxonMobil (XOM) and Italian oil firm Eni.
With its earnings release this week the Houston oil company announced that it had a plan to goose its lackluster share value.
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