"There has been no change in (the) Obama administration stance on use of emergency oil...


"There has been no change in (the) Obama administration stance on use of emergency oil reserves," Reuters reports another unnamed official as saying. Oil reverses a chunk, but not nearly all, of its earlier slide on a rumor of an SPR release. WTI crude flat at $107/barrel.

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Comments (3)
  • buyitcheap
    , contributor
    Comments (1902) | Send Message
     
    Co on O! put in buy orders for /CL in the 60s, and sell at 107, then announce the big release of SPR, at some unknown point in the future....break those SPECS!!!! ( I know it will never happen.) :-)
    27 Mar 2012, 12:28 PM Reply Like
  • 2MuchDebt
    , contributor
    Comments (406) | Send Message
     
    Incomprehensible... and these people make big boy decisions? (flip-flop-flip-flop)
    27 Mar 2012, 12:45 PM Reply Like
  • WMARKW
    , contributor
    Comments (10786) | Send Message
     
    There has been no change in the Administration's strategy of "do nothing at all and then no one can complain about your performance prior to the election." Equivalent strategy to, "I vote 'Present'."
    27 Mar 2012, 06:16 PM Reply Like
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