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U.S. Releases 30 Million Barrels of Oil From Petroleum Reserve
National Journal ^
| 6/23/11
| Coral Davenport
Posted on 06/23/2011 7:48:44 AM PDT by AT7Saluki
click here to read article
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1) It won't DO anything, and 2) Little late to the party aren't we?
1
posted on
06/23/2011 7:48:47 AM PDT
by
AT7Saluki
To: AT7Saluki
Why into the world market?
2
posted on
06/23/2011 7:49:50 AM PDT
by
shadeaud
(" If you can't beat them, arrange to have them beaten." -- George Carlin)
To: thackney
3
posted on
06/23/2011 7:51:17 AM PDT
by
Army Air Corps
(Four fried chickens and a coke)
To: AT7Saluki
Passing gas in a windstorm is so Obama.
4
posted on
06/23/2011 7:51:21 AM PDT
by
Steamburg
(The contents of your wallet is the only language Politicians understand.)
To: AT7Saluki
5
posted on
06/23/2011 7:51:31 AM PDT
by
Huskrrrr
To: AT7Saluki
Desperate people do desperate things.
6
posted on
06/23/2011 7:52:11 AM PDT
by
John W
(Natural-born US citizen since 1955)
To: AT7Saluki
7
posted on
06/23/2011 7:52:32 AM PDT
by
TSgt
("Some folks just need killin'" - Karl Childers (Sling Blade 1996))
To: shadeaud
Why into the world market?Because Saddam Obama hates America.
8
posted on
06/23/2011 7:53:22 AM PDT
by
Lazamataz
("First we beat the Soviet Union. Then we became them." -- Lazamataz, 2005)
To: AT7Saluki
2 million barrels per day to the world market?
Obamugabe is p*ssing in the ocean.
9
posted on
06/23/2011 7:53:38 AM PDT
by
Cletus.D.Yokel
(Islam is a violent and tyrannical political ideology and has nothing to do with "religion".)
To: AT7Saluki
Is this why the market for oil has absolutely collapsed???
10
posted on
06/23/2011 7:54:08 AM PDT
by
Ken522
To: AT7Saluki
Oh, that’s brilliant!!! That’s like putting a bandied on a slashed artery.
11
posted on
06/23/2011 7:55:29 AM PDT
by
MsLady
(Be the kind of woman that when you get up in the morning, the devil says, "Oh crap, she's UP !!")
To: AT7Saluki
You’re correct, on the supply side it won’t do anything. The impact is psychological. The futures markets were already in retreat and adding this will cause a significant drop. Gas is down .85/gal from it’s high point in my area this morning. This reduction has nothing to do with the reserve decision today.
What the Snake Oil Salesman accomplishes with this is:
1.) Ability to claim the reduction in gas prices is ALL due to his actions.
2.) Line Soros’ pockets because I’m sure he’s short on oil.
12
posted on
06/23/2011 7:55:56 AM PDT
by
IBIAFR
To: AT7Saluki
That damned fool obama is in full campaign mode.
The stupid idiot should have done this right before the election, so the resultant two cent per gallon drop in the price of gas would ensure his re-election by his loyal followers.
Or perhaps he'll just pay their mortgage for them, again.
13
posted on
06/23/2011 7:56:38 AM PDT
by
OldSmaj
(I am an avowed enemy of islam and obama is a damned fool and traitor. Questions?)
To: AT7Saluki
Really, really bad idea.
The reserve is intended for REAL emergencies, like when the oil CAN'T get here.
Not just because oil is getting expensive.
This will give us less of a buffer and thus make future prices fluctuate even more.
Which is probably the real plan.
14
posted on
06/23/2011 7:56:55 AM PDT
by
BitWielder1
(Corporate Profits are better than Government Waste)
To: AT7Saluki
This is truly asinine. The STRATEGIC petroleum reserve is supposed to be for the use of the United States, not the “world market”. If other countries want to establish a strategic reserve, fine.
To: IBIAFR
Your points are both spot on. They also need to help the Fed cover up their inflation.
16
posted on
06/23/2011 7:58:45 AM PDT
by
palmer
(Cooperating with Obama = helping him extend the depression and implement socialism.)
To: AT7Saluki
It is going to dip for a few days till it is baked into the numbers then it is going to spike again.
These people are idiots, drilling is the only solution.
17
posted on
06/23/2011 7:59:58 AM PDT
by
dila813
To: OldSmaj
18
posted on
06/23/2011 8:00:54 AM PDT
by
TSgt
("Some folks just need killin'" - Karl Childers (Sling Blade 1996))
To: AT7Saluki
I would rather Obama allowed the oil companies to drill for an extra 30 million barrels of oil. Leave the strategic reserve alone.
19
posted on
06/23/2011 8:01:46 AM PDT
by
mkboyce
To: IBIAFR
Yeah, that was the deciding factor.
Yet, he’s drained everything else of value in America- perhaps he does it just on philosophical grounds.
20
posted on
06/23/2011 8:02:40 AM PDT
by
mrsmith
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