U.S. weighs release of oil reserves, world frets about Iran (Turbo TaxCheat Timmy says on CNBC)

Hey it will be “BRILLIANT” if we release 60 million barrels of oil, (a 3 day supply) purchased when Oil was around $70 a barrel, so that it can be replaced at $130 a barrel, on the backs of the tax payers. Just print more money, ink and paper is so cheap.

Please note that the global demand for oil is pushing 90 million barrels a day...its the US demand that is 20 million barrels per day. Since crude oil is a global commodity and we import more crude oil than we produce the proper way to think of a 60 million barrel disbursement would be as 2/3's of one day's global demand...in other words it would have no impact on the global price of oil.

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