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My sources say there has been a major release of U.S. oil reserves
Oilfield supply company | 20 October 2013 | Mene

Posted on 10/20/2014 10:25:20 AM PDT by MeneMeneTekelUpharsin

It appears the U.S. government has made a major release of oil reserves to deliberately affect the price of fuel prior to the elections.


TOPICS:
KEYWORDS: energy; oil; oilreserves; release
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To: molson209
Who said anything about replacing it

The poster I was responding to.

Releasing the high priced reserves and replacing them with low priced reserves

41 posted on 10/20/2014 11:01:31 AM PDT by thackney (life is fragile, handle with prayer.)
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To: molson209
"If they sell oil they bought at $100 at $80, then buy oil to replace it at $80, what did that do?"

"I'll take Pissing Away $20 per Barrel of Taxpayer Money for $1000, Alex."

42 posted on 10/20/2014 11:01:45 AM PDT by SnuffaBolshevik
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To: MeneMeneTekelUpharsin

“Very reliable source. “

Release them from where? To go where? For what?

And the precise source, and their credentials, please.


43 posted on 10/20/2014 11:01:51 AM PDT by truth_seeker
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To: MeneMeneTekelUpharsin

shades of Clinton-Gore (same thing happened)


44 posted on 10/20/2014 11:02:10 AM PDT by silverleaf (Age takes a toll: Please have exact change)
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To: SnuffaBolshevik

ding ding ding


45 posted on 10/20/2014 11:03:12 AM PDT by silverleaf (Age takes a toll: Please have exact change)
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To: Red Badger

I love it when we can all speak the same language. FR Rocks.


46 posted on 10/20/2014 11:03:50 AM PDT by Rodamala
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To: SnuffaBolshevik

keeping oil reserves is Raciest don’t you know , LOL


47 posted on 10/20/2014 11:05:14 AM PDT by molson209 (Blank)
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To: MeneMeneTekelUpharsin

Buying votes with the peoples’ own money, I’d say.


48 posted on 10/20/2014 11:05:36 AM PDT by elhombrelibre (Against Obama. Against Putin. Pro-freedom. Pro-US Constitution.)
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To: thackney

It lowered the price of oil further.


49 posted on 10/20/2014 11:05:58 AM PDT by Eva
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To: MeneMeneTekelUpharsin

SMDH...


50 posted on 10/20/2014 11:05:59 AM PDT by Wyatt's Torch
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To: MeneMeneTekelUpharsin

Actually Gas Prices dropped today in my area.

From 3.09-3.19 to 2.83 per gallon.

I use a great little Phone App called Gas Guru (also fast to find restaurants, bar locations etc.)

This morning I thought something was broken when I saw the prices had dropped for no apparent reason.


51 posted on 10/20/2014 11:08:24 AM PDT by Hang'emAll (If guns kill people, do pencils misspell words?)
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To: MeneMeneTekelUpharsin

Your source is an idiot.

They couldn’t release enough oil to affect the price of oil.

It is an artificial dump, if it happened and has zero effect on production and supply past a week.


52 posted on 10/20/2014 11:09:12 AM PDT by Vendome (Don't take life so seriously-you won't live through it anyway-Enjoy Yourself ala Louis Prima)
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To: smokingfrog

I did notice it smells different lately, a little more acrid. Coinkydink?


53 posted on 10/20/2014 11:09:22 AM PDT by NonValueAdded (Pointing out dereliction of duty is NOT fear mongering, especially in a panDEMic)
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To: MeneMeneTekelUpharsin

It’s much more likely that O cut a deal with the Saudis to drop the price. It would have a number of short term benefits for O and the Saudis: Saudis keep their market share up, hurts the domestic oil and gas business, cuts gasoline prices going into election and hurts Putin who suddenly becomes much more reasonable on the Ukraine. O’s Long term goal: hurt domestic production to raise prices and make green energy look more economical.


54 posted on 10/20/2014 11:09:48 AM PDT by con-surf-ative
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To: Eva
It lowered the price of oil further.

What it? This release has not happened.

Secondly, how would selling oil and buying it again help? Do you imagine after this imaginary release ended, prices continue to fall? And they don't climb while being bought again?

55 posted on 10/20/2014 11:10:45 AM PDT by thackney (life is fragile, handle with prayer.)
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To: MeneMeneTekelUpharsin

Sorry, this is a total croc. There is not enough oil in the strategic reserve to impact prices one penny.

Google around yourself.

Daily global oil consumption is about 87 million bbl / day.

Strategic reserve is about 727 million bbl.

Which would supply the world for only 8 days.

Also, if you prefer something subjective, check old news stories around the time when gas prices are through the roof.

There’s always at least one dummy recommending a release of reserves to help the price and the answer is always no.

Because....


56 posted on 10/20/2014 11:11:02 AM PDT by fruser1
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To: fruser1

The SPR is only physically capable of pushing out 4.4 MMBPD. It isn’t capable of being emptied in a few days.

http://energy.gov/fe/services/petroleum-reserves/strategic-petroleum-reserve/spr-quick-facts-and-faqs


57 posted on 10/20/2014 11:13:09 AM PDT by thackney (life is fragile, handle with prayer.)
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To: MeneMeneTekelUpharsin

I believe this was the Oktober Surprise that was mentioned earlier? Low gas prices ahead of the elections? Makes sense. Sure been in the news a lot. Certainly enough to detract from the many negatives being experienced thanks directly to Obola and the America hating leftists.


58 posted on 10/20/2014 11:13:39 AM PDT by dware (3 prohibited topics in mixed company: politics, religion and operating systems...)
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To: smokingfrog
"Google reformulated gasoline"

Is that what the Google cars run on? Wow Google is into everything.

59 posted on 10/20/2014 11:14:47 AM PDT by Rodamala
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To: MeneMeneTekelUpharsin

Gas has been uncommonly low (for the Obama administration) over the summer.

So while I may not think your story is true, It would be interesting to know what the factors are. I dont’ think the strategic reserves can be released without a big ta-do.


60 posted on 10/20/2014 11:15:37 AM PDT by Usagi_yo (Criticize, marginalize, demonize, criminalize.)
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