This WH's track record of economic success is truly astounding.
knew this was coming
FAIL!
worked about as well as the “stimulus” (and for largely the same reasons)
Just like the Feds can print more money, Obama can continue to release the reserve.
Oh wait.....
Obama hasn’t got a clue ,and evidently neither do his advisors.
It was all political anyway and he gave the imression he cared. That’s all that count in the end. For Obama.
If 60 million did not work, obviously we need to release 120 million in to the supply!
That was, uh, unexpected.
What a load of crap.
Follow any profits made from this ‘deal’ directly to the zer0’s largest campaign contributors.
My first grade grand-daughter has more economic sense than all of the so-called experts.
Gee, and I though Zero’s plan would work! /s/
Next November can’t come soon enough!
So was the Obama administration just trying to generate revenue for the federal government?
Obozo gets smacked upside the head by the invisible hand.
(Yet again).
Heck, by close of business Friday it was back up to the same price it was on Monday.
Just like the rest of what this bunch of meat heads does... it is a joke and they know it.
You can’t print more oil.
Once again, Obama has told the private sector that there is no climate of stability or predictability. Now go hire!
It’s a fixed reserve, hence any release of it has zero effect other than conceding a future reserve of demand once the reserve will have to be refilled for emergency reasons. As a result the price will increase.
When someone use their last food savings to pay for something, common sense tells that the demand for food and nourishment will be felt even more in the near future, since it is always needed.
“$92.79, up $2.18 today.
This WH’s track record of economic success is truly astounding.”
According to my research, the United States uses 20 million barrels a day. Thirty million barrels is a day and a half’s worth of oil consumption. Spit in the ocean. One wonders if he even knows what we use. If so, he does, then he must know all he did was damage our ability to respond in a true military emergency.