Posted on 03/13/2014 11:20:50 AM PDT by Cletus.D.Yokel
The Obama administration will release 5 million barrels of sour crude from the United States’ emergency stockpile in what officials described as a “test” of the nation’s ability to respond to oil supply disruptions around the globe.
(Excerpt) Read more at fuelfix.com ...
Lets see... They have used up the donate a million to dems, get 100 million green energy grant scam
so now they use the donate a million to the dems and we’ll
let you know when the right stock or commodity to short opportunity will occur.
Hillary perfected this bribe method using cattle futures.
Tyson paid Clinton off, didn’t have to use a single dollar of Tyson money.
bullmalarkey.. they don’t want that spike in prices.
Obama is getting desperate, he is bottoming out in the polls, his donors are not donating. make some cash to have some influce on the elections in Nov. nothing will help odumbo out, he is toast
Symbolism over substance.
5 million barrels is enough to run the nation for 6 hours.
bttt
Yesss....
How much of the money raised from selling OUR oil will fund the Dems in the next election?
It was 4 bucks a gallon in October 2012 and Baraq had no problem getting elected.
More likely this is a “test” to see whether the “right people” (politically connected Rats) get to purchase the reserves at a discount and wholesale them out and make a quick profit.
Follow-up inquiry:
How much of the TX and LA SPR volume is tied to Occidental Petroleum?
>I’d rather someone tell me why the price of gasoline has nearly doubled since George “Get the Oil Men Rich Quick” Bush left office.
Good question. Because they can I guess. About the same reason so many millions of illegals and lazy Americans can suck the Government teat for billions of our money that we actually work to earn.
well it is very close to 4 dollars a gal. here in Somerset County, PA. which is farm country, mostly retired on limited incomes, and the rest on welfare and mooching as much as they can and laughing about it...
own property here and almost impossible to sell unless your willing to almost give it away..
Idiocy!
This should be tapped only as a last resort.
These clowns could not run a lemonade stand.
It’s amazing how few people are actually working.
Being retired, middle of the day I go out and see all these folks driving around, traffic all over the place.
I realize there are afternoon and midnight shift workers but it seems far different than 20 yrs ago when I’d take a vacation day as far as how many folks are driving during the day.
Why? Is Zero anticipating a war?
True, but they could shake one down, no problem.
DING! DING! DING!
We have a winner!
Oil futures are dropping though.. But you are right, we probably bought it @ $50 a barrel
Yep.
My first thought is that he will say it worked and deplete the reserve in whole.
There’s certainly a reason for this - one for which there’s much speculation, but nothing definitive. This development is worth monitoring.
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