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1 posted on 08/20/2012 5:52:40 AM PDT by Olog-hai
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To: Olog-hai

Meanwhile, Oh-Bah-Mah is thinking about releasing oil from the strategic reserve to help his re-election chances.


2 posted on 08/20/2012 5:58:44 AM PDT by Fresh Wind ('People have got to know whether or not their president is a crook.' Richard M. Nixon)
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To: Olog-hai

This would explain somewhat the recent run-up in crude prices, as the supply/demand fundamentals simply don’t.

Watch for another oil-glut soon, as countries top off their strategic reserves.


6 posted on 08/20/2012 6:38:35 AM PDT by wayoverontheright
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To: Olog-hai
...anxious to comply with new EU rules and amid reports that Israel is preparing to launch an attack on Iran.

I'm guessing that the scales weigh heavily on the "new EU rules" and not so much on the Iranian concerns.

7 posted on 08/20/2012 6:39:55 AM PDT by EGPWS (Trust in God, question everyone else)
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To: Olog-hai

It seems that this activity might just have some influence on the world price of oil, no?


9 posted on 08/20/2012 7:53:51 AM PDT by arthurus (Read Hazlitt's Economics In One Lesson)
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To: Olog-hai
Europe's being smart about this - what's Obama doing?

Tilting at windmills.

Dems believe in imaginary solutions... solar - wind power - maybe in some future but now? All take more energy than they produce - imaginary stuff... Delusions that allows liberals to 'feel good' about themselves.

12 posted on 08/20/2012 9:18:27 AM PDT by GOPJ (Politics is war without bloodshed, and war is politics with bloodshed. - Mao Tse Tung. We're at war)
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