Pres. Bush may consider tapping oil reserve in wake of Hurricane Katrina

As oil rose in early trading, President Bush mulls a decision whether to release oil from the Petroleum Reserve. The president has stated that the reserve would only be used in case of a national emergency. The reserve at capacity has approximately 400 million gallons. The concern for the White House is they do not want to jeopardize the reserve in case we have to declare a national state of emergency like on 9/11 when prices could sky rocket even higher.