To: arthurus
As I said, the oil markets are not STUPID they are not going to drop the price of oil in any significant way even if Obama releases all the strategic oil reserves because the oil markets know it is very temporary and not sustainable.
53 posted on
03/17/2012 8:16:00 PM PDT by
jveritas
(God bless our brave troops)
To: jveritas
Look back to last year. He did it and it worked. It lasted a couple of months. That is as long as he needs to get through an election. The price doesn’t have to go down more than 30 cents or so from wherever it is. He can do that. There is a LOT of immediate money in commodities. The short time frame of a Strategic Reserve release would affect that portion of the market and thus the price of oil for that shirt term. Six months is plenty to affect the election. Six months can be done.
55 posted on
03/17/2012 8:57:20 PM PDT by
arthurus
(Read Hazlitt's "Economics In One Lesson.")
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