It would do two things. One more oil in the maket is not a bad thing for consumers and two it would at least look like something is being done. And of course GWB needs to jump start his suggestion that new refineries need to be built on old military bases adn else where. This two would hope calm the market.
Oil is now under greater subrosa control than when Rockefeller's noose reined.
No,I guess one could make a case for oil being a few pennies a barrel less dear.
and two it would at least look like something is being done.
LOL, "don't just stand there, pretend you are making a difference".
This two would hope calm the market.
The market is calm.
The media and the uninformed and economically undereducated are agitated.
Prices rise and fall, always have, always will. And price remains the most useful tool for the allocation of resources that has ever existed.
Anyone who believes that the internal combustion engine with petroleum as the energy source is the future, isn't much of a student of the past.