Tapping the oil reserve
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All of the sudden there is an oil pipeline leaking, must be retaliation for opening the reserves. The right wing assholes will stop at nothing to make thing bad and then blame Obama for what they did.
themeaningoflife38 7 months ago
I wonder why there are oil wells in ohio and indiana that are shutdown that could be producing oil. Maybe oil companies want prices high?
themeaningoflife38 8 months ago
@mardi06 of course, it always is
hoosierhiver 8 months ago
How much effect can a 11/2 day supply have?
notaneoliberal 8 months ago
@hoosierhiver I didn't say he did. Oil prices have been dropping for 2 weeks, even I saw that so why tap into the reserve now. Don't be fooled. This guy has a political motive for everything he does and it's all geared to help get him re-elected.
mardi06 8 months ago
@mardi06 Obama doesn't control the IEA.
hoosierhiver 8 months ago
This is clearly a mission creep plan because they did not expect Libyan war for regime change to last this long... and now the summer and winter oil consumption hike would make the Saudi decision to cover for Libya's loss of production not possible... thus they dump oil at a loss onto the market.
Soldior 8 months ago
the poor and middle class are getting destroyed with all these high food and energy prices..
doc7474 8 months ago
@mordred612 - Good pt,
In almost all countries the govt owns all minerals & thus has a govt oil production company with some control over pricing & if they produce more than they need, you might be able to buy gas for less than $1 per gal in the country
But in the USA important court cases ruled that people & In some cases the states, own the oil under their lands so we have International oil companies doing the drilling here & if they can get a nickle more selling to Japan they will.
DillonDee1 8 months ago
This was nothing more than a politcal move on Obama's part. Oil prices were already dropping and Obama could have done this a long time ago but he waited until the prices started to drop. I'm sure he'll go on a "spike the ball" tour and take credit.
mardi06 8 months ago