OBAMA DEEPLY CONCERNED ABOUT IMPACT IN DISRUPTION FROM LIBYA, IMPACT ON GLOBAL ECONOMY
US ENGAGED WITH GOVERNMENTS OF MAJOR OIL EXPORTERS FOR LAST SEVERAL MONTHS ON STEPS TO TAKE
RELEASE OF OIL INTENDED TO COMPLEMENT SAUDI INCREASE IN OIL  PRODUCTION
US WILL RELEASE "LARGELY LIGHT SWEET CRUDE" FROM RESERVES
US TAKING ACTION IN RESPONSE TO TIGHTNESS IN MARKET DUE TO LOSS OF LIGHT, SWEET CRUDE FROM LIBYA
US OIL RELEASE TO ADDRESS SEASONAL INCREASE IN DEMAND
US STANDS READY TO DO MORE, AS IS NECESSARY, TO ADDRESS ISSUE