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More on the reported oil reserve release: The story is based on the say-so of two British...

More on the reported oil reserve release: The story is based on the say-so of two British sources and a formal request from the U.S. to the U.K. is expected "shortly." This follows a Wednesday meeting of President Obama and PM Cameron. Details on the timing, size, and duration of the drawdown have yet to be settled.
Comments (17)
  • Terry330
    , contributor
    Comments (866) | Send Message
     
    Just one more reason President Obama leads in all national polls.
    15 Mar 2012, 11:59 AM Reply Like
  • Windsun33
    , contributor
    Comments (4263) | Send Message
     
    uhm... yeah, OK: " President Barack Obama's poll numbers plummet. In February, a Washington Post/ABC poll had Obama up 6 points against Mitt Romney. Monday's poll has him down 2..."
    15 Mar 2012, 12:20 PM Reply Like
  • Terry330
    , contributor
    Comments (866) | Send Message
     
    Saving Americans money on gasoline is a win for the President.
    15 Mar 2012, 12:01 PM Reply Like
  • wyostocks
    , contributor
    Comments (7703) | Send Message
     
    And when the SOR is empty, what does your Obama do then?
    15 Mar 2012, 12:10 PM Reply Like
  • Windsun33
    , contributor
    Comments (4263) | Send Message
     
    That is a rather uninformed statement. Do you even know what the SPR is??
    15 Mar 2012, 12:22 PM Reply Like
  • wyostocks
    , contributor
    Comments (7703) | Send Message
     
    terry
    White House denies the report.
    Do you now criticize him for NOT doing it? Or, is whatever he does just fine and dandy?
    You are pathetic.
    15 Mar 2012, 12:53 PM Reply Like
  • montanamark
    , contributor
    Comments (1435) | Send Message
     
    LOL

     

    prices averaged $1.75ish when obama took office
    15 Mar 2012, 12:08 PM Reply Like
  • Terry330
    , contributor
    Comments (866) | Send Message
     
    Yes, 600K were being fired each month by W. Bush.
    15 Mar 2012, 12:30 PM Reply Like
  • Windsun33
    , contributor
    Comments (4263) | Send Message
     
    Terry, you really really need to do your own research. Quoting such numbers from Media Matters - with almost no basis in fact - just makes you look ignorant.
    15 Mar 2012, 12:43 PM Reply Like
  • Windsun33
    , contributor
    Comments (4263) | Send Message
     
    This stupid political "strategy" has been tried in the past, and has never worked. The amount of oil they are talking about is roughly 1.5 days supply. But crude oil is not really the problem, it is the shortage of refineries that is keeping the gasoline prices up, plus the fact that any excess at all is exported for better prices overseas.
    15 Mar 2012, 12:27 PM Reply Like
  • NickC
    , contributor
    Comment (1) | Send Message
     
    Very accurate statement, no matter which side of the political fence you stand. Bottom line is we have companies that refine oil into gas and that gas can be sold to the highest bidder. At the moment it is overseas. Look at the combined effects of Brent/WTI spread and the anticipation of pulling Iran out of the equation. Asia and Western Europe can buy our product. As we drill more and if we get more efficient at refineries (minus regulations) then we have a cheaper product to sell overseas and thus raising our cost here. Our prices will move closer to the world market if we export gas. These companies are not required to sell just in the United States. Just remember we are now an Exporter of gasoline.
    15 Mar 2012, 03:07 PM Reply Like
  • Rjjr38
    , contributor
    Comments (58) | Send Message
     
    It's an election year. He will do everything that he can to get reelected. We are good for the short term.
    15 Mar 2012, 12:42 PM Reply Like
  • mix
    , contributor
    Comments (84) | Send Message
     
    A war of some kind in the Middle East is imminent.
    15 Mar 2012, 12:42 PM Reply Like
  • Windsun33
    , contributor
    Comments (4263) | Send Message
     
    Don't look now, but the Middle East has been in some kind of war since the 14th century.
    15 Mar 2012, 02:38 PM Reply Like
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    http://bit.ly/Av2FUj
    15 Mar 2012, 02:08 PM Reply Like
  • 867046
    , contributor
    Comments (398) | Send Message
     
    Again typically illogical comments. There is a fear/war premium built into the price of oil.

     

    If people can chat up the price of oil through irresponsible war talk, then people can try to chat down the price of oil.

     

    So how is this any different than the usual information warfare between bulls and bears in the markets?
    15 Mar 2012, 02:11 PM Reply Like
  • Rjjr38
    , contributor
    Comments (58) | Send Message
     
    Seriously whatever we think about our president he will Not start a war in an election year. That would seal his fate for sure.
    15 Mar 2012, 03:16 PM Reply Like
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