Obama, Geithner seek to quell fears about oil spike

Reuters ^ | 02/24/11

[TigerLikesRooster]

Obama, Geithner seek to quell fears about oil spike

WASHINGTON (Reuters) – President Barack Obama and Treasury Secretary Timothy Geithner sought to quell fears on Thursday that unrest in Libya would put oil prices on a long term upward trajectory.

"We actually think that we'll be able to ride out the Libya situation and it will stabilize," Obama, referring to fuel prices, told a group of corporate chief executives.

Geithner said the world had plenty of reserves that could be deployed in the event of a sustained disruption to supply.

"We have substantial capacity across the major economies in the strategic reserves," he told the same meeting.

[TigerLikesRooster]

When it rains, it pours.

[TigerLikesRooster]

P!

[deadrock]

Queue picture of Iraqi military commander....”nothing to worry about.’

[TexasPatriot1]

How about we drill here you dumb F**K TARDS!!!!!!

[Buckeye McFrog]

the coffin is running from the final nail...

[Spok]

Advice from a community organizer and a tax evader? Are they for real?

[ballplayer]

What they Mean it will stabilize at 5 dollars a Gallon ,Obumbos Goal all along

[FromLori]

Gas here has jumped 14 cents a gallon in two days already.

[Pit1]

Quell the $4.50/gal for gas. The corporate execs give a s&$$ about the price. Obama is running on empty. A fool indeed.

[PalmettoMason]

Oh yeah, “we” can “ride it out”.
I can’t. I’m paying to fuel my pickup AND Air Force One.

Asshole.

[PSYCHO-FREEP]

Just having either of these idiots in charge is what I fear most.

[oust the louse]

whew...I,ll sleep good tonight knowing a tax cheat and a Muslim sympathizing moron Kenyan have my back.

[rockvillem]

Just having either of these idiots in charge is what I fear most.

Amen! When gasoline prices go up under a Republican Administration we heard nothing but sob stories and accusations of sinister oil company activity. Under a Democrat Administration - the media lets these bozos put out the party line that we have NOTHING to fear. So predictable.

[richardtavor]

We might have reserves, but you won’t let us drill offshore, you a$$ (geithner, surprise, but you have to drill wells to get the oil out). But of course you can’t even figure out how to do Turbo Tax, moron!)

[Venturer]

Exactly. Obama has been batting ZERO for the last two years.

[VeniVidiVici]

I hear Bammy is going to take us all to Vail next weekend.

[sergeantdave]

“I can’t. I’m paying to fuel my pickup AND Air Force One.”

Wrong! You’re paying for much more. You’re also paying to fill up the gas tank of fat welfare momma’s BMW so she can drive to the liquor store and buy booze for her boyfriend of the month. And don’t forget driving Horatio, Molecule and Too-Tall Jemima to midnight basketball.

Let us, too, remember obuma’s aunt. She needs your money to pay for taxi rides to collect her $60,000 at the welfare office.

Please think before you post

[WVNan]

No, he is going to take us to hell. Next move.....deplete the oil reserves so we have no oil for emergencies. It’s more of the plan to destroy the U.S.

[nascarnation]

$5 gas may be painful, but it’s a guaranteed poison pill for the economy and Baraq’s re-election chances.

[csmusaret]

And when Boehner said “So be it”, he was villified.