Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: bondjamesbond
We can then replenish the Reserve at the lower price that would result from massive dumpting.

So you believe selling oil from teh SPR will lower prices but filling the reserve will not raise them?

7 posted on 01/10/2007 12:13:22 PM PST by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 5 | View Replies ]


To: thackney
So you believe selling oil from teh SPR will lower prices but filling the reserve will not raise them?

The price of oil has a lot to do with expectations. If the US let it be known that we were going to screw with the price of oil and knock it down through overt supply manipulation whenever possible, expectations would be for lower prices in the future and the price would fall.

There is also the matter of dumping suddenly and loudly and buying slowly and quietly.

14 posted on 01/10/2007 1:04:49 PM PST by bondjamesbond ("There is not a man in America who has not had a secret ambition to boot an infant." -- WC Fields)
[ Post Reply | Private Reply | To 7 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson