China Fills Tanks at 1st Oil Reserve China has finished filling the tanks at the first of four planned strategic oil reserve bases meant to insulate the economy against supply disruptions, the government announced Wednesday. 19 Dec 2007
NRP Buys Reserves Natural Resource Partners has bought more West Virginia coal reserves. The company said Monday it paid $27.2 million for 17.5 million tons of metallurgical coal. The reserves were purchased from Bluestone Coal Corp. subsidiary National Resources Inc. 18 Dec 2007
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BoE to Offer Additional Reserves The Bank of England will offer additional reserves to lenders Tuesday as part of a global attempt to tackle the deepening credit crisis. The BoE, the U.S. Federal Reserve, the European Central Bank, the Bank of Canada and the Swiss National Bank unveiled a coordinated plan last week to ease an impending new year freeze in wholesale money markets. 18 Dec 2007
Timothy Geithner, New York Federal Reserve Bank President Thomson Financial News - "The central aim of the new North American and European central banks' cooperative liquidity program is to reduce the incentive for an excessive liquidity hoarding by banks." 13 Dec 2007