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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.


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KEYWORDS: energy; oil; oilreserves; release
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To: MeneMeneTekelUpharsin

The price of gasoline almost always goes down in the fall

Google reformulated gasoline


21 posted on 10/20/2014 10:38:47 AM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: CodeToad

We should just rename the danged thing the Strategic Political Manipulation Reserve


22 posted on 10/20/2014 10:39:37 AM PDT by Buckeye McFrog
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To: MeneMeneTekelUpharsin

This makes no sense politically since oil prices are under 3.00 a gallon...

I see no dem advantage in driving down prices even more...

I do wonder if releasing the reserve has something to do with Russia...

Just speculating ....


23 posted on 10/20/2014 10:40:22 AM PDT by Popman (Jesus Christ Alone: My Cornerstone...)
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To: 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.

Thank you for posting this.

I don't know how much was released, but I don't think the election coming up would be influenced by it.

Could it be that someone is trying to further weaken America?
24 posted on 10/20/2014 10:40:29 AM PDT by novemberslady
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To: Jim from C-Town

Nope, it’s true.


25 posted on 10/20/2014 10:40:34 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: MeneMeneTekelUpharsin

Release it to where? As I understand it, there is already a storage problem with all of the crude we’ve been extracting, and this would only make that problem worse as current refining capacity is likely already maxed out.

I think your reliable source is unreliable.


26 posted on 10/20/2014 10:40:56 AM PDT by Pox (Good Night. I expect more respect tomorrow.)
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To: smokingfrog

Reformulated is used and required year round.

The vapor pressure is changed seasonally in both reformulated and standard gasoline.


27 posted on 10/20/2014 10:41:53 AM PDT by thackney (life is fragile, handle with prayer.)
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To: MeneMeneTekelUpharsin

Even if true, how would this help the Dems?

I think lower gas prices actually helps the GOP. It proves the point that the more oil, the lower the price of gas.


28 posted on 10/20/2014 10:44:38 AM PDT by Signalman
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To: MeneMeneTekelUpharsin

I didn’t think there was any left , I thought Obama was selling it off for Golf and Vacations


29 posted on 10/20/2014 10:44:56 AM PDT by molson209 (Blank)
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To: MeneMeneTekelUpharsin

It’s still not low enough for me.


30 posted on 10/20/2014 10:45:45 AM PDT by b4its2late (A Liberal is a person who will give away everything he doesn't own.)
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To: Signalman

“I think lower gas prices actually helps the GOP”

The average voter will know nothing about the release of oil reserves and Obama will get the credit.

.


31 posted on 10/20/2014 10:47:17 AM PDT by Mears
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To: Mears

Releasing the high priced reserves and replacing them with low priced reserves is not bad for the tax payer, it is terrible for the oil companies.


32 posted on 10/20/2014 10:50:50 AM PDT by Eva
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To: Phillyred

This. The ‘new normal’ is $3.25-$3.75 +/- depending on where you live. So, excepting places like Hawaii and big inner cities, basically gas is 3 dollars and xx cents, with some places a little under $3 or over $4 occasionally. I remember when we were spittin’ mad when gas hit $1.50.

So, to your point, gas needs to be at least $.50 higher than it was a few months ago plus having the msm make a big deal of it, which they won’t do b/c a D is in the WH.

Hopefully the msm will be making a big deal of high gas prices come Jan 20, 2017.


33 posted on 10/20/2014 10:52:55 AM PDT by citizen (There3 is always free government cheese in the mouse trap.....https://twitter.com/kracker0)
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To: Eva
Releasing the high priced reserves and replacing them with low priced reserves is not bad for the tax payer, it is terrible for the oil companies.

???

If they sell oil they bought at $100 at $80, then buy oil to replace it at $80, what did that do?

34 posted on 10/20/2014 10:53:50 AM PDT by thackney (life is fragile, handle with prayer.)
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To: MeneMeneTekelUpharsin

Seems doubtful to me. However, given the pathological nature of this administration, I suppose it’s possible. But it’s also pretty difficult to do something like this covertly, even with a compliant media.

If...if this was actually done, the amount that could be got to market in this short of time is piddly, not enough to affect the market prices. Especially now when there is an oversupply of oil. There would be no psychological effect at all.

So again, if this was done, it would have to be for some other reason.


35 posted on 10/20/2014 10:55:14 AM PDT by ChildOfThe60s ((If you can remember the 60s.....you weren't really there)
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To: thackney

If they sell oil they bought at $100 at $80, then buy oil to replace it at $80, what did that do?

Who said anything about replacing it


36 posted on 10/20/2014 10:55:52 AM PDT by molson209 (Blank)
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To: MeneMeneTekelUpharsin

Utter BS. The Saudis are driving the price down in an attempt to maintain their market share. Everyone in the energy business knows this and they’ve been very public about it.


37 posted on 10/20/2014 10:56:12 AM PDT by Bayan
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Comment #38 Removed by Moderator

To: Buckeye McFrog

Great Beer Release of 1814
http://mentalfloss.com/article/59563/remembering-deadly-london-beer-flood-1814

bring your cup


39 posted on 10/20/2014 10:58:16 AM PDT by TurboZamboni (Those who make peaceful revolution impossible will make violent revolution inevitable.-JFK)
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To: MeneMeneTekelUpharsin

Not a surprise at all. There’s always more to the story.


40 posted on 10/20/2014 10:59:47 AM PDT by boycott
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