Exclusive: U.S., Britain to agree emergency oil stocks release

Reuters ^ | 3/15/2012 | Richard Mably

[mojito]

Surprise surprise surprise.

[JPG]

Pumping oil out of the reserves: Good

Pumping oil out of the ground: Bad

Got it.

[COBOL2Java]

Well, that should bring prices down - for about a month. What then?

[rlmorel]

LIBERALISM IS A DOMESTIC ENEMY OF THE CONSTITUTION. THESE PEOPLE MUST BE REMOVED FROM PUBLIC OFFICE, STARTING AT THE TOP.

[CCGuy]

LOL. Never saw that coming. You would ALMOST think this is purely a political move during an election year.

The bad news for Zero is that move will only lower the price of gas a few cents.

[AtlasStalled]

I guess Obama’s re-election campaign is now in full swing. Maybe he can get the Fed Reserve to print some more funny money, too. And isn’t it time to announce some more entitlements for his constituents?

[VikingMom]

This is NOT the purpose for which the Strategic Reserves were created! It is nothing more than a political stunt and could actually leave us more vulnerable in case of an actual emergency! (Maybe that’s what Bambi wants!)

[silverleaf]

uhhh

Why would Britain with gas at $12 a gallon release “strategic reserves” to get US gas below $4 a gallon?

Is $4 a gallon US gas a strategic crisis to Britain?

Or is obama’s reelection a strategic crisis to both the socialist dupe and the marxist clown? and thus worth pissing off our NATIONAL STRATEGIC oil reserves ....

[mrsmith]

"in an election year. "

Wow, even Reuters says he's spending our oil for his own selfish gain.
The rest of his media should do better though.

Wonder what of ours he gave England to provide some cover for him?

[Eric in the Ozarks]

Dumb and dumber.

[Qwackertoo]

Newt will take him to the woodshed on this one. Can’t wait. Go Newt!

[crosshairs]

Yes, lets deplete our reserves right before the Middle East erupts into war. Makes a lot of sense.

[silverleaf]

Wait a minute

Does Great Britain even HAVE “strategic petroleum reserves?

If so how much and where?

Why is this a “joint” decision? Since when does Briatin get a vote in how and when a US president in an election year releases strategic petroleum reserves over a domestic energy price issue

of his own making?

[silverleaf]

Wait a minute

Does Great Britain even HAVE “strategic petroleum reserves?

If so how much and where?

Why is this a “joint” decision? Since when does Britain get a vote in how and when a US president in an election year releases strategic petroleum reserves over a domestic energy price issue

of his own making?

[FrankR]

The good thing about my growing library of graphics is, they serve as sort of a pictorial history of the antics of obama.

The graphic below was done about this time last year when obama was bestowing his grace upon us with a donation from the oil reserves.

Amazing how that little trick seems to pop up to prop up his ratings, isn't it. But if we have to turn up the National heat to get a few cents toward affordable gasoline, it is pathetic.

[DuncanWaring]

Barstids.

Guaranteeing $20/gallon gasoline in the future to prevent $4/gallon gasoline now.

Doom on them.

[Red Badger]

This is ignorance.

This is stupid.

This is insane.

This is arrogance.

This is Obamugabe..............

[Cyber Liberty]

Well, that should bring prices down - for about a month. What then?

Well what happens short-term is pretty obvious. After it runs out in a couple of weeks, we won't have the reserve and pressure will increase even more upon Israel to "take one for the team" and allow a city (Tel Aviv) to be burned off before attacking Iran.

Every president since the reserve was created has released oil for the wrong reasons: To affect the price of crude on the market. It was meant to provide a short-term buffer if the Arabs get another wild hair, as they did in '73.

Even al Reuter news recognizes this is an election year stunt, right there in the first sentence.

[SoFloFreeper]

Obama the Zero. This will come back to haunt him. The Strategic Petroleum Reserve is for emergencies....this is no real emergency, except that Obama’s policies are destroying prosperity.

[READINABLUESTATE]

...But we can’t drill ourselves lower prices? These guys are so full of **it!!