Bloomberg says the 200,000 barrel boost (others have reported it will be up to 500,000 barrels) will lift global oil supplies by 0.2 percent. That oughta do it.

Russert wore many hats at NBC

The Times on its Business Day front looks at the huge hole the shocking death of Tim Russert leaves in NBC News’ operations.

Mr. Russert was not only the moderator of “Meet the Press,” television’s most successful political talk show, he was also the chief of NBC’s Washington bureau, responsible for the hiring of staff members and directing its operations. More significantly, he was NBC’s public face on politics, appearing regularly on the network’s full range of programs, including the “Today” show, NBC’s “Nightly News,” and on its cable news channel MSNBC.

How did one man do all that and still manage to be perhaps the best-researched interviewer on television?

“Meet the Press” made tens of millions of dollars annually for NBC. There isn’t a clear candidate to replace Russert, though the paper mentions Tom Brokaw, David Gregory, and Andrea Mitchell as possibilities.

The Times on C7 reports that The Associated Press is preparing new guidelines for Internet fair use of its content. A crackdown last week on a liberal site led to a fairly predictable backlash that caused the AP to back down.

WaPo’s credit debacle series looks a People’s Choice

The Washington Post continues its three-part series on the credit meltdown with part two on A1. The series is weirdly broken into “chapters” that are about 700 words or so.

In this edition, the paper gets inside a now-bankrupt subprime lender called People’s Choice, which saw the bust coming but couldn’t get off the fees treadmill.

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Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR's business section. If you see notable business journalism, give him a heads-up at Follow him on Twitter at @ryanchittum.