The U.S. and U.K. have agreed to release emergency oil stocks, reports Reuters. Brent Crude...


The U.S. and U.K. have agreed to release emergency oil stocks, reports Reuters. Brent Crude (BNO) -2%, WTI Crude (USO) -1.1%.

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Comments (14)
  • JJA1594
    , contributor
    Comments (67) | Send Message
     
    I thought Obama's energy policy was proper tire inflation.
    15 Mar 2012, 11:47 AM Reply Like
  • Terry330
    , contributor
    Comments (883) | Send Message
     
    You are wrong again, turn off Fake News.
    15 Mar 2012, 11:57 AM Reply Like
  • Dogpound
    , contributor
    Comments (159) | Send Message
     
    The USA embarrasses itself again.

     

    What Emergency, Americans are now paying $2.00 per gallon less than people in other countries?
    15 Mar 2012, 11:53 AM Reply Like
  • cobra5000
    , contributor
    Comments (6) | Send Message
     
    that extra $2 should not be our problem, we have to pay for own healthcare. the eropeans are taxed out the wazoo, that is where the extra 2 comes from.
    15 Mar 2012, 01:06 PM Reply Like
  • bull_market_somewhere
    , contributor
    Comments (113) | Send Message
     
    why don't they stop piling on debt and printing trillions of the currency oil is traded in.. that may actually bring the price down
    15 Mar 2012, 11:53 AM Reply Like
  • bull_market_somewhere
    , contributor
    Comments (113) | Send Message
     
    this move is prrof this man has no clue what he is doing.. putting our long term reserves on the market to bring the prices he increased himself down.. to win an election. sounds like a leader to me!
    15 Mar 2012, 11:54 AM Reply Like
  • Terry330
    , contributor
    Comments (883) | Send Message
     
    Thank you President Obama, another family friendly policy.
    15 Mar 2012, 11:54 AM Reply Like
  • bull_market_somewhere
    , contributor
    Comments (113) | Send Message
     
    this move is proof this man has no clue what he is doing.. putting our long term reserves on the market to bring the prices he increased himself down.. to win an election. sounds like a leader to me!
    15 Mar 2012, 11:54 AM Reply Like
  • montanamark
    , contributor
    Comments (1455) | Send Message
     
    once again obama weakening our country for his political gain;
    this crass move will assure higher prices down the road.
    no one questions ben's mad printing press in oil prices or obamas anti-fossil fuel war?
    15 Mar 2012, 11:58 AM Reply Like
  • IgnisFatuus
    , contributor
    Comments (2729) | Send Message
     
    It is called the "Strategic Oil Reserve" for a reason. Releasing a few million barrels which drops the oil price a few bucks a barrel for 30-45 days does not seem to be "strategic" to me.
    15 Mar 2012, 12:14 PM Reply Like
  • bull_market_somewhere
    , contributor
    Comments (113) | Send Message
     
    read the book "the escape artists". it just shows how incompetent obama really is. he and his team have not the slightest clue as to what they're doing. this is clearly evidenced by their MANY conflicting policies such as devaluing the currency in which oil is traded and then releasing oil to bring the price back down. it makes no sense.
    15 Mar 2012, 12:30 PM Reply Like
  • Losing Paper While Gaining ...
    , contributor
    Comments (488) | Send Message
     
    I agree, it makes no sense, but that's just to you and I. To the average voter though this is likely to be seen as a good thing for him to do (or at least that's likely the motivation for doing it).

     

    I sometimes forget that if you take the stupidity of the average person in whatever country you're from, almost half of the people there are actually more stupid than that...
    (that's a bad paraphrase of something someone else once said)

     

    Maybe you got this and just wanted to get it out there that it makes no sense. Just thought I should bring it up, just in case.
    15 Mar 2012, 01:35 PM Reply Like
  • bull_market_somewhere
    , contributor
    Comments (113) | Send Message
     
    oh i know. my mother teaches in a very urban area and sometimes cries because the kids are so stupid and their parents just don't care at all. that's america for you. i'll never forget what my favorite professor told me. even if you don't use your finance degree for a job in that industry, it will always serve as an insurance policy against you ever becoming broke, taken advantage of or falling for political ploys. and it is 100% true.
    15 Mar 2012, 01:41 PM Reply Like
  • 2MuchDebt
    , contributor
    Comments (406) | Send Message
     
    Ooops, we were just kidding! What a joke. It's called market manipulation; Obama and Bernanke are good at that. And people want 4 more years of this?

     

    Wait, I'm getting a feed: "This just in, U.S. Government announces it has applied with the Federal Reserve to become a bank holding company. Debt repayment is optional."
    15 Mar 2012, 12:35 PM Reply Like
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