the rise in oil prices has notjing to do with the deficit, it has to do with the increase in money supply in 2001-03 when greenspan was worried about deflation
SPR will help if oil inventories fall too low...i agree we are a nation of whiners, but the SPR was built for supply disruptions and this might be one of them...in 2004 Bush released 20m barrels of oil after Ivan
""The movie depicts panic spreading across oil markets, sending oil prices above $150 a barrel, while cars across the United States line up outside gas stations,""
high prices dont equate long lines....at $150 per barrle there wouldnt be gas lines...gas lines result when the price is set BELOW market price
yeah, i see and dont beleive there are 40 blends...in fact in 2001 the govt reduced the number of blends..since then there have been no summer price spikes localized in the midwest like in 2000 and 2001