InChiefsHeaven |
06-25-2011 08:49 AM |
30 million barrels from us, 30 million barrels from the rest of the world...that's like what, 6 days worth of imported oil. CBS news said that this will take the speculators out of the game and lower gas prices for the summer driving season. But...gas prices were already going down. So was oil. The administration said it was because of Libya's oil not being on the market or some shit. Then they said this will lower gas prices 5-15 cents per gallon. I don't believe that for a minute, and it's not like that's a big change anyway. But, the administration said that further dipping into the oil reserves is still on the table.
This is a hail mary pass by the administration to try to keep the minions happy through the summer. Gas and oil was already going down, people don't drive as much. But the Pres needs to look like he's doing something about it, so he can take some credit for what was already happening.
...I thought the Strategic Oil Reserve was for you know...national emergencies. We released some after Katrina, and in 1991 during the first Gulf war. Libya does not seem to be on par with those.
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