Skip to comments.Exclusive: White House studying potential oil reserve release
Posted on 08/17/2012 10:55:15 AM PDT by C19fan
The White House is "dusting off old plans" for a potential release of oil reserves to dampen prices and prevent high energy costs from undermining sanctions against Iran, a source with knowledge of the situation said on Thursday. U.S. officials will monitor market conditions over the next few weeks, watching whether gasoline prices fall after the September 3 Labor Day holiday, as they historically do, the source said.
(Excerpt) Read more at news.yahoo.com ...
It’s a pretty safe bet this is about the election.
Trying to get a dip in gas prices right before the election. Tell the commie muzzie to go to hell! Since his regime has been in power, I get pissed off every time I fill up!
You really have to wonder how many millions of dollars will be spent in studies, how many bureaucrats must be involved, how many agencies have to be alerted, over a decision whether or not to turn half a dozen frickin’ valves.
Exclusive: Obama worried that sucky gas prices will hurt his campaign
He’ll have to do it just before the election. The last time he did it it lowered gas prices for about 3 days. And of course it will be a misuse of the reserve.
Gee! What a great policy!
Release our strategic oil just before the middle east erupts in all out warfare, so we can save a few cents before the One’s election, and queue into long gas rationing lines next year because the Arabian Sea is ablaze.
What a stupid POS.
He is using our nation's strategic petroleum reserve to try to keep the price of oil below $4 a gallon for his OWN RE ELECTION
While stacking his administration with elitist fools like Steven Chu and Lisa Jackson who yearn for gas to be $8 a gallon and strangle our refineries and drilling operations and pipeline projects and coal plants with regulations and lawsuits
OBAMA: We the People say it is spinach and we say TO HELL WITH IT
Drill, Frack, and lay pipe.
Sorry Obama!...Not fooling no one!...pull my finger!
Good, after the election, Obama can really screw Iran, and stop the moratorium on deep well drilling and exploration, and all offshore drilling. He can stop the EPA’s fracking nonsense. .../s
Low gas prices and America’s prosperity have absolutely nothing to do with Obama’s soviet agenda.
Unless the Israeli planes are in the air right now. And even then we need wait and see what things look like a week in to the campaign..
Taking old oil out of the ground from reserves: Good oil! Will significantly reduce the cost of gas, will allow hard-working Americans to keep their money and will create jobs.
What is adjusted the price at the moment is that there are 2 refineries in CA that are down. If he releases oil, gasoline will still go up until the refineries are back on line.
We have got to get these morons out of office as soon as possible.
So the same people who think increasing domestic production won’t lower prices are the same people who think releasing the reserve will lower prices.
If we had a real media in this country Baraq would be exposed for the double-talking fool that he is.
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