Agreed, every time I hear an Administration is releasing strategic reserves, what I really hear is the sound of desperation.
Just oiling the Democrat political machine that is starting to squeek louder and louder.
Releasing just means they sell to someone politically connected at a low price and they sell and make money for doing virtually nothing. Remember when Jessie Jackson got a few million barrels.
Nice payday for the politically connected.
I hear the sound of payoffs to political cronies. I remember millions being funneled to Jesse Jackson via this mechanism when Clinton was in office.
Every time I hear the Obama Administration is releasing oil from the strategic petroleum reserves, my first though is , “ some scumbag Obama crony is about to get paid off and make a killing that makes Saddam's oil for food scam look look like chump change by comparison”