The US Gov't has announced it will release 30 million barrels of oil from the emergency reserve. Other nations are also going to be releasing reserve to help with the disaster relief. This will be in conjuction with 26 nations to release more than 60 million barrels. The International Energy Agency (IEA) based out of Paris are fully for the measures being taken.
http://news.xinhuanet.com/english/20...nt_3434038.htm
http://today.reuters.com/business/ne...PE-WRAP-DC.XML