Everything Obama does is political, Why release Oil reserves now?

[uscitizen]

So Bush released crude oil becuase Katrina shut down much of our refining and shipping capabilities in the gulf region.

How does releasing crude oil help when the refining and transport is shut down?

Political as well.

Actually lots of crude oil comes from the Gulf. Or it did until Obama put a moratorium in drilling.

Guess that will shut your ass up for 5 minutes or so.

Nice sales-pitch.

There's plenty of available-oil, in The Gulf.....and, when the price/conditions are right....they'll be.....

.....REDISCOVERED.

thanks for posting theRabeye's post. I have him on ignore.

Moratorium? What is the status on this?

 

[Mr. Shaman]

Republicans didn't want to do anything about speculators..and they were complaining about rising gas prices.

This is a big fuck you..to that.

Bully!

Sorry to break it to you, but the Dems have had an equal (if not more) chance to "do something about speculators."

And DEMS are complaining about gas prices.

And as far as using reserves having any "big" effect, dont expect gasoline prices to change more than a few cents, and then, only in the short run.

The Administration is becomming increasingly aware that it is running out its bag of tricks. The huge weaknesses in the Obama Administration were largely irrelevant during his first two years in office since he had Pelosi and Reid actually running the show.

Then after the November 2011 elections (only SEVEN (7) months ago) and the loss of congress, Biden had to take over (Remember Clinton took over during lunch).

Biden is now running the Administration.

Interesting to note that while in 2008 when gas and oil prices spiked to historic highs, the democrats and their useful idiots in the MSM blamed Pres Bush, using a link between the Bush family to the oil business.

Gee....whatta shame you couldn't find any data (from 2008) to support your allegation....mostly 'cause your allegation is Teabaggin'-bullshit.​

August 20, 2008​

"Was the recent spectacular rise, and subsequent fall, in oil prices driven by $peculation?

....The CFTC, which learned about the nature of Vitol's activities only after making an unusual request for data from the firm, now reports that financial firms speculating for their clients or for themselves account for about 81 percent of the oil contracts on NYMEX, a far bigger share than had previously been stated by the agency."

OIL SPECULATION​

You Teabaggers ENJOY making fools o' yourselves????

​

 

[Harry Dresden]

Gee.....how could I possibly dispute what "They say......"???

Ya' got nothin'.....least-of-all, any quotes.​

in other words you got nothin......Freddies playing down the hall......oh and share your peanut butter sandwich......mkay?......

 

[JRK]

Gee.....how could I possibly dispute what "They say......"???

Ya' got nothin'.....least-of-all, any quotes.​

in other words you got nothin......Freddies playing down the hall......oh and share your peanut butter sandwich......mkay?......

Speculators?
What is a speculator?
Do you people really think a "speculator" can run up the price of oil?
Are they the ultimate hedge fund?

Why is it then gas was 4.00 a gallon in the summer of 08 and then was less than 2.00 a gallon 6 months later?
GWB stating we were going to begin extracting shale oil maybe?
really
why does it come down?

 

[8537]

Why wouldn't we sell at the highest possible price?

 

[The Rabbi]

Why wouldn't we sell at the highest possible price?

We can start with, we didn't. Oil has already come down. As noted here many times.
Second, the strategic petroleum reserve is not a commodity speculation fund for the government. It is there for a very specific purpose. And shoring up presidential ratings isn't it.

 

[8537]

Why wouldn't we sell at the highest possible price?

We can start with, we didn't. Oil has already come down.

It's coming down because the reserves are being sold. That will happen any time a large amount of a commodity is sold.

As noted here many times.
Second, the strategic petroleum reserve is not a commodity speculation fund for the government. It is there for a very specific purpose. And shoring up presidential ratings isn't it.

So in your opinion the government shouldn't use the strategic reserve to moderate speculation, protect the economy and draw a profit? Oh wait, Obama did it...nevermind.

 

[The Rabbi]

Why wouldn't we sell at the highest possible price?

We can start with, we didn't. Oil has already come down.

It's coming down because the reserves are being sold. That will happen any time a large amount of a commodity is sold.

As noted here many times.
Second, the strategic petroleum reserve is not a commodity speculation fund for the government. It is there for a very specific purpose. And shoring up presidential ratings isn't it.

So in your opinion the government shouldn't use the strategic reserve to moderate speculation, protect the economy and draw a profit? Oh wait, Obama did it...nevermind.

I realize your brain power could not run a tricycle around the inside of a Cheerio once, but if you look at this chart of oil futures you will notice that prices began dropping at the beginning of May, long before the sale was announced.

No, the reserve is not meant to moderate speculation and draw a profit. the purpose is to counter a severe supply interruption, which we have not seen.

 

[Harry Dresden]

Gee.....how could I possibly dispute what "They say......"???

Ya' got nothin'.....least-of-all, any quotes.​

in other words you got nothin......Freddies playing down the hall......oh and share your peanut butter sandwich......mkay?......

Speculators?
What is a speculator?
Do you people really think a "speculator" can run up the price of oil?
Are they the ultimate hedge fund?

Why is it then gas was 4.00 a gallon in the summer of 08 and then was less than 2.00 a gallon 6 months later?
GWB stating we were going to begin extracting shale oil maybe?
really
why does it come down?

what the fuck are you talking about?......where the hell was i talking about oil?.............

 

[GoneBezerk]

Why is a limp-wristed piece of shit like you showing off a pic of a bike? I'd run you over with my hog, shithead.

Sorry to break it to you, but the Dems have had an equal (if not more) chance to "do something about speculators."

And DEMS are complaining about gas prices.

And as far as using reserves having any "big" effect, dont expect gasoline prices to change more than a few cents, and then, only in the short run.

The Administration is becomming increasingly aware that it is running out its bag of tricks. The huge weaknesses in the Obama Administration were largely irrelevant during his first two years in office since he had Pelosi and Reid actually running the show.

Then after the November 2011 elections (only SEVEN (7) months ago) and the loss of congress, Biden had to take over (Remember Clinton took over during lunch).

Biden is now running the Administration.

Interesting to note that while in 2008 when gas and oil prices spiked to historic highs, the democrats and their useful idiots in the MSM blamed Pres Bush, using a link between the Bush family to the oil business.

Gee....whatta shame you couldn't find any data (from 2008) to support your allegation....mostly 'cause your allegation is Teabaggin'-bullshit.​

August 20, 2008​

"Was the recent spectacular rise, and subsequent fall, in oil prices driven by $peculation?

....The CFTC, which learned about the nature of Vitol's activities only after making an unusual request for data from the firm, now reports that financial firms speculating for their clients or for themselves account for about 81 percent of the oil contracts on NYMEX, a far bigger share than had previously been stated by the agency."

OIL SPECULATION​

You Teabaggers ENJOY making fools o' yourselves????

​

 

[Misty]

Obama released oil now becuz it's a good political move. And he is a politician up for reelection. I think anyone in his situation wouldve done the same thing

Just enjoy the brief cheaper gas

Politics is a game and we are all being played

 

[midcan5]

Think about how stupid the OP question is for a moment? Obama is our democratically elected president, he is the leader of the nation and as the leader of the nation all he can do is engage in politics. That's what he is there for, the idiots who use this empty criticism are really saying they don't like the politics of our president but don't have the balls or intelligence to understand whether any particular political act is the best we can do. When all you do is whine and throw stones as the right does, you quickly understand why in power they are such failures, out of power they cry like little children.

"This is going to sound sort of obvious, but here we go: A study from University College London published this week in Current Biology has discovered that there are actually differences in the brains of liberals and conservatives. Specifically, liberals' brains tend to be bigger in the area that deals with processing complex ideas and situations, while conservatives' brains are bigger in the area that processes fear." Liberal Brains Bigger in Areas of Complexity; Conservative Brains Bigger in Areas of Fear - Culture - GOOD

 

[GoneBezerk]

Dipshit....he says increasing the supply of oil doesn't affect oil prices, but then uses the reserves to bring down the price of oil....for a day or two for stupid politics.

Are you that stupid?

Think about how stupid the OP question is for a moment? Obama is our democratically elected president, he is the leader of the nation and as the leader of the nation all he can do is engage in politics. That's what he is there for, the idiots who use this empty criticism are really saying they don't like the politics of our president but don't have the balls or intelligence to understand whether any particular political act is the best we can do. When all you do is whine and throw stones as the right does, you quickly understand why in power they are such failures, out of power they cry like little children.

"This is going to sound sort of obvious, but here we go: A study from University College London published this week in Current Biology has discovered that there are actually differences in the brains of liberals and conservatives. Specifically, liberals' brains tend to be bigger in the area that deals with processing complex ideas and situations, while conservatives' brains are bigger in the area that processes fear." Liberal Brains Bigger in Areas of Complexity; Conservative Brains Bigger in Areas of Fear - Culture - GOOD

 

[8537]

We can start with, we didn't. Oil has already come down.

It's coming down because the reserves are being sold. That will happen any time a large amount of a commodity is sold.

As noted here many times.
Second, the strategic petroleum reserve is not a commodity speculation fund for the government. It is there for a very specific purpose. And shoring up presidential ratings isn't it.

So in your opinion the government shouldn't use the strategic reserve to moderate speculation, protect the economy and draw a profit? Oh wait, Obama did it...nevermind.

I realize your brain power could not run a tricycle around the inside of a Cheerio once, but if you look at this chart of oil futures you will notice that prices began dropping at the beginning of May, long before the sale was announced.

No, the reserve is not meant to moderate speculation and draw a profit. the purpose is to counter a severe supply interruption, which we have not seen.

Ah yes, Rabbi vs. myriad analysts who actually know what they are talking about! I'm sure it's hard to admit you're wrong about Obama from behind the white sheet.

And why would we NOT use the reserve to moderate speculation and draw a profit? I'm still waiting an explanation...

 

[GoneBezerk]

Let's break this down for the dumbfuck libs that can't figure this out....

Say you live with your family in a commune and you have a plot of land that you can grow some plants for your veggie lifestyle, but your daddy won't let you plant anything there because he prefers to keep it natural with wild flowers. Instead you eat day to day on plants bought from doing chores around the commune, but one day your daddy Obama pulls a surprise and breaks out the carrots that have been in storage for a famine.

So you get some extra food for a day, but that's it and you go back to eating day to day without having your own supply of food.

 

[The Rabbi]

It's coming down because the reserves are being sold. That will happen any time a large amount of a commodity is sold.



So in your opinion the government shouldn't use the strategic reserve to moderate speculation, protect the economy and draw a profit? Oh wait, Obama did it...nevermind.

I realize your brain power could not run a tricycle around the inside of a Cheerio once, but if you look at this chart of oil futures you will notice that prices began dropping at the beginning of May, long before the sale was announced.

No, the reserve is not meant to moderate speculation and draw a profit. the purpose is to counter a severe supply interruption, which we have not seen.

Ah yes, Rabbi vs. myriad analysts who actually know what they are talking about! I'm sure it's hard to admit you're wrong about Obama from behind the white sheet.

And why would we NOT use the reserve to moderate speculation and draw a profit? I'm still waiting an explanation...

OK so you admit the price of oil was declining before Obama announced this decision.
The purpose of the "strategic" reserve is just that: to serve the national interest in times of crisis when crude might become unavailable.
If you want to go argue the policy ought to be different, go right ahead, turd-head.
So far you have had your ass kicked in this discussion. Are you going to stay around for more?

 

[8537]

I realize your brain power could not run a tricycle around the inside of a Cheerio once, but if you look at this chart of oil futures you will notice that prices began dropping at the beginning of May, long before the sale was announced.

No, the reserve is not meant to moderate speculation and draw a profit. the purpose is to counter a severe supply interruption, which we have not seen.

Ah yes, Rabbi vs. myriad analysts who actually know what they are talking about! I'm sure it's hard to admit you're wrong about Obama from behind the white sheet.

And why would we NOT use the reserve to moderate speculation and draw a profit? I'm still waiting an explanation...

OK so you admit the price of oil was declining before Obama announced this decision.

Yes, that's a fact. Did the release lead to a further decline? Of course.

The purpose of the "strategic" reserve is just that: to serve the national interest in times of crisis when crude might become unavailable.

The size of the reserves change regularly as the government either adds to it or sells some off. This sale was a drop in the bucket and will return it to about the level of 2005.

And it's in the government's interest and that of the public to sell when the price is high and buy when the price is low.

If you want to go argue the policy ought to be different, go right ahead, turd-head.
So far you have had your ass kicked in this discussion. Are you going to stay around for more?

Ah yes, the keyboard kommando in full bloom! Nice, Rabbi. Showing your true colors (Which are white, of course. All white)

 

[The Rabbi]

Ah yes, Rabbi vs. myriad analysts who actually know what they are talking about! I'm sure it's hard to admit you're wrong about Obama from behind the white sheet.

And why would we NOT use the reserve to moderate speculation and draw a profit? I'm still waiting an explanation...

OK so you admit the price of oil was declining before Obama announced this decision.

Yes, that's a fact. Did the release lead to a further decline? Of course.

The purpose of the "strategic" reserve is just that: to serve the national interest in times of crisis when crude might become unavailable.

The size of the reserves change regularly as the government either adds to it or sells some off. This sale was a drop in the bucket and will return it to about the level of 2005.

And it's in the government's interest and that of the public to sell when the price is high and buy when the price is low.

If you want to go argue the policy ought to be different, go right ahead, turd-head.
So far you have had your ass kicked in this discussion. Are you going to stay around for more?

Ah yes, the keyboard kommando in full bloom! Nice, Rabbi. Showing your true colors (Which are white, of course. All white)

OK. So we can agree that Obama released oil at a time of declining prices. There was no interruption of supply, no threat, no skyrocketing crude prices. It was a ham-handed political move that endangers this country for short term political gain.
The purpose of the reserve is for "strategic" use, i.e. when there is an interruption in supply. It is not a plaything for the gov't to play commodities speculator.

You have no arguments. You have no facts. All you have is empty words.

 

[hellofromwarsaw]

"If Obama lifted the ban and admitted on national tv that he was wrong, I might vote for him in 2012. Might "

He did. Oct. 2010. Adults in charge tho. Not wrong

 

[hellofromwarsaw]

ABC:Rep. Edward Markey, D-Mass., called the GOP criticism off the mark, noting that 30 million barrels amounts to less than 5 percent of the 727 million barrels stored in salt caverns along the Texas and Louisiana coasts.

"With our economy teetering on the brink of a double-dip recession, and American families still struggling during peak driving season, this is the one tool America has at her disposal to immediately help drive down prices at the pump," said Markey, who has called on Obama to tap the reserves for months.