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Strategic Petroleum Reserve WILL be tapped next week
Can't tell you! | WellyP

Posted on 04/13/2012 5:02:20 AM PDT by WellyP

Stratigic Petroleum Reserve WILL be tapped next week!


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The reserve will be tapped by Obummer next week! Can't tell you how I know this, I do have a friend in a high place.
1 posted on 04/13/2012 5:02:24 AM PDT by WellyP
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To: WellyP

Two cents a gallon reduction for two weeks.

Its all about sagging polls.


2 posted on 04/13/2012 5:05:36 AM PDT by Eye of Unk (Liberals need not reply.)
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To: WellyP

That will decrease gas prices in time for the election. And, it will leave us with no reserve in time of emergency. The idiot dem voters will fall for it.

Was this another executive order done in the darkness of the night by Obama?


3 posted on 04/13/2012 5:07:24 AM PDT by kitkat (Obama, rope and chains)
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To: Eye of Unk

100% correct! Right now they are figuring out how to move it on foreign ships!


4 posted on 04/13/2012 5:07:24 AM PDT by WellyP (REAL)
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To: WellyP

“Foreign ships”?

Oil, Fort Knox gold... what’s the difference.


5 posted on 04/13/2012 5:10:20 AM PDT by C210N (Mitt "Severe Etch-a-Sketch" mcRominate-me)
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To: kitkat

Yes!


6 posted on 04/13/2012 5:10:31 AM PDT by WellyP (REAL)
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To: WellyP

7 posted on 04/13/2012 5:11:59 AM PDT by tomkat
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To: WellyP

bound for China?

“payment for services rendered”


8 posted on 04/13/2012 5:12:05 AM PDT by silverleaf (Funny how all the people who are for abortion are already born)
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To: kitkat
It will not effect the prices at this time....because I believe the demand is down. No matter...it has to be refilled. THIS IS NOT AN EMERCENCY...HE'S AN IDIOT.

CUT THE FED TAX TAKE AT THE PUMP. People will buy more and the Fed will still get their money.

9 posted on 04/13/2012 5:13:56 AM PDT by Sacajaweau
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To: kitkat

And, it will leave us with no reserve in time of emergency.

__________________________________________
Yep....and just after some very recent and possibly significant quakes near the west coast. Obama continues to weaken this country beyond recognition.


10 posted on 04/13/2012 5:15:42 AM PDT by SumProVita (Cogito, ergo...Sum Pro Vita. (Modified Decartes))
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To: WellyP

Our price here in NE Indiana is currently thirty cents off the recent high.


11 posted on 04/13/2012 5:15:51 AM PDT by John W (Viva Cristo Rey!)
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To: WellyP

The strategic reserve will be tapped at the very moment the Obama administration thinks gas prices would have gone down anyway.

They’ll want it to look like it was their decision that made gas cheaper, even though they will only be doing it once they think gas prices have peaked and would have come down on their own.


12 posted on 04/13/2012 5:16:35 AM PDT by Longbow1969
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To: Sacajaweau
.because I believe the demand is down.

For the US, yes. It is well documented the declining petroleum consumption. But many in the US don't understand the global consumption is up and continues to drive the international oil price.

Since most of our oil is imported, we are very dependent on world pricing.

13 posted on 04/13/2012 5:17:06 AM PDT by thackney (life is fragile, handle with prayer)
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To: Longbow1969

Gas is down $.05 in mid-Missouri from last week.


14 posted on 04/13/2012 5:18:12 AM PDT by Eric in the Ozarks
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To: WellyP
The reserve will be tapped by Obummer next week!

Bookmark for next week.

15 posted on 04/13/2012 5:18:28 AM PDT by thackney (life is fragile, handle with prayer)
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To: kitkat

Yes, just in time to deplete it before the Iranians scuttle a tanker in Hormuz. Great thinking, Zero!


16 posted on 04/13/2012 5:19:54 AM PDT by battlecry
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To: WellyP
The reserve will be tapped by Obummer next week!

To be followed by dumping of some oil reserves by Britain and other allies. Then there's the deal with the Saudis to up production shortly before the election. 0bummer must remove the high gas price issue, even though he accepts no responsibility for it.

17 posted on 04/13/2012 5:23:24 AM PDT by luvbach1 (Stop the destruction in 2012 or continue the decline)
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To: C210N

Could the Great Usurper actually loot Ft. Knox gold?


18 posted on 04/13/2012 5:24:58 AM PDT by luvbach1 (Stop the destruction in 2012 or continue the decline)
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To: WellyP

The price of oil will not go down.
Doesn’t anyone believe that OPEC has already factored this release into the supply allotment?


19 posted on 04/13/2012 5:43:58 AM PDT by jonose
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To: kitkat

And when the price goes down, the Pubbies need to hammer the fact that bringing domestic oil into the market, regardless the source, pushes prices down!

Gingrich has to pin Oromney to the wall with this. Boot-on-the-neck and don’t let up.

Drill ANWR!


20 posted on 04/13/2012 5:55:38 AM PDT by Cletus.D.Yokel (Catastrophic Anthropogenic Climate Alterations - The acronym explains the science.)
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To: luvbach1

Well, the is a *CHANCE* he could not loot Ft Knox... if, and I repeat “IF!”, there is any Gold currently in Ft. Knox. But clearly, if there is, he has or will loot what’s left.

My presumption is that in any foreign entanglements or agreements (ie, with NK, Iran, Russia, China) that prior presidents have dealt with, it’s so VERY luring, rather than withstand public outcry of raising debt/taxes to cover the issue, to just ship over some chunks of OUR hard-earned gold, with no accountability whatsoever (presuming the next Ft. Knox accounting is not on that particular president’s watch).


21 posted on 04/13/2012 6:19:42 AM PDT by C210N (Mitt "Severe Etch-a-Sketch" mcRominate-me)
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To: WellyP

Having suffered through a 20 minute idiotic answer from Biden, on the radio with Hewitt (and analyzed by Mark Steyn in derisive laughter), the “tapping” of the strategic reserve will do

NOTHING to oil/gas prices. We are awash in crude. The problem is the dollarization of gasoline. And Obama is directly responsible for that, along with his pals in the Federal Reserve.

We are EXPORTING gasoline. Are Freepers aware of this? The market reduction in domestic gasoline demand should have reduced the price/gal a long time ago. And you may recall GWBush saying we have no new refineries— which is true. Only it hasn’t because the excess capacity is being exported, and the price rise and high plateau maintained. We’ve already reached the tipping point price. People out of work cannot drive to look for new work— at certain economic levels.

But, for the stupid people, obama will “release” the extra oil for a poll bump. And it will not work, one or two cents for a week and a half.

Better to ask obama’s industrial pals who are ALL in China, and the new poorly paid coolie labor is buying their first car— a GM car no doubt. That is the root of the “demand” and we here at home are propping it up.


22 posted on 04/13/2012 8:53:16 AM PDT by John S Mosby (Sic Semper Tyrannis)
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To: jonose

Having worked there for over 9 years...you are correct...it will be a blip on the radar. You could flush the whole SPR system,flood the refineries and Obammy will export most of it and it will be over in 28 days with NO reserves.


23 posted on 04/13/2012 11:10:37 AM PDT by VF-51vnv
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To: jonose

Seems to me that oil prices are based on futures. As long as Obama is President the future is bleak and the price will remain high...regardless of supply! If it looks like Obama is losing the prices will drop like a stone...and then level because biz and demand will pick up if it looks like he is losing! Right now oil speculators are betting he will win!


24 posted on 04/13/2012 4:53:02 PM PDT by Roamin53 (Islamists kill more people each year in the name of religion than the Inquisition did in 350 years!)
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To: Roamin53

>Seems to me that oil prices are based on futures.

I slightly disagree. Oil prices are based on a three sided model. The base of the triangle is the supply allotment. This OPEC determined amount is the largest factor. OPEC limits supply to maximize price.

Second, the price is determined by demand. If OPEC misreads the demand by too much then the price goes up, too little then the price goes down.

Third, the price is determined by the value of the dollar. We are in a currency world war, each side is devaluing their currency to re-float their banks debt. Banks are stuck holding assets that are worth far less than book value. A steady rate of inflation will eventually put them back in the black,

Futures come into play as compensatory bets on these three variables.


25 posted on 04/17/2012 6:52:09 AM PDT by jonose
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To: WellyP
The reserve will be tapped by Obummer next week!

Did your source ever give you a reason his/her information was wrong?

Another new thread started on a simlar claim:

http://www.freerepublic.com/focus/news/2880208/posts?page=2

26 posted on 05/05/2012 7:35:28 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney
If refineries are refining at capacity, capacity defined as refining enough to supply demand, then simply making more petroleum available from strategic reserves to refineries won't have an effect on gas prices unless the government sells the petroleum to some oil company at below-market prices and tells it that it must pass along the price cut to consumers.
27 posted on 05/05/2012 7:50:12 AM PDT by aruanan
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To: kitkat
That will decrease gas prices in time for the election. And, it will leave us with no reserve in time of emergency. The idiot dem voters will fall for it.

There's not enough there to do this to any meaningful degree that exceeds market variability for that long a period of time.
28 posted on 05/05/2012 7:52:37 AM PDT by aruanan
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To: aruanan
If refineries are refining at capacity, capacity defined as refining enough to supply demand

After years of expansions and upgrades of our existing refineries, plus a decline in our overall demand, we now refine more that the US uses and export the surplus.

then simply making more petroleum available from strategic reserves to refineries won't have an effect on gas prices unless the government sells the petroleum to some oil company at below-market prices

Putting a surplus of oil on the market will lower market prices unless OPEC makes a similar sized cut in production. I am not in any way suggesting that it would be a good idea. The Strategic Supply exists for Strategic reasons and following the outflow, it would need to be refilled reversing any benefit.

It is the same mentality of dropping your insurance to help pay your medical costs.

29 posted on 05/05/2012 7:54:12 AM PDT by thackney (life is fragile, handle with prayer)
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