It had NOTHING to do with lowering gas prices because anyone with one eye and a grain of sense would know that a temporary increase in supply will result in only a temporary reduction in prices. To PERMANENTLY reduce the prices, you have to PERMANENTLY increase the supply by drilling. And Obastard is NOT going to allow that.
For those of us in hurricane areas releasing crude from the strategic reserve in the middle of hurricane season goes well with zeros penchant for constant chaos.It can’t be anything else.
That won’t do a damn thing in the long run either. The fix is in.
Jack has it right. No one wants to, or will, think anymore. Except for a few. The ones who can think and have the financials are in on the fix. The regular Joes who can think are bitterly clinging to their guns and religion...
With an asking ( strike price ) of $125 per barrel - while WTC is 94 I doubt they will sell very much of the reserve.