Obama releasing 30M barrels from US oil reserve to offset ME turmoil, high gas

[tinydancer]

What part of you get the bulk of your oil from Canada don't morons in the States get?

Are we in turmoil? Are we rioting? How long can this farce endure that you get the bulk of your oil from the middle east?

It's this huge bad joke.

It is true we import the most crude oil and overall petrol products from Canada than from any other country. But then again many American companies are doing business exploring for and extracting oil in Canada.

Fact is the Gulf of Mexico and the Southern States produce oil more than Canada.

America's appetite is our bigest problem.

Crude Oil Production

I'm a real honest to goodness conservationist. Know what I saw today? A bald eagle, a vulture and a swallow trying to drive both off up a road of mine.

I live this shit. Dead hawk (red tailed from what I could see) with both the bald eagle and the vulture trying to feed with the swallow hammering at the both of them. lol

What I am sick to death of is apartment living nutcases who think their electricity comes from the good lord almighty instead of from a coal factory somewhere in Virginia lecturing me telling me I have to move back to a city and get all my food from one of the most despicable countries environmentally on the planet. China.

Liberals are insane.

 

[tinydancer]

what the hell you talking about?
I know all about where we get our oil from. Canada is just a part of it. i listed why oil dropped, Canada has nothing to do with it.

Why is the price of gas so high then? Every one in the media is blaming the "unrest in the Middle East".

This is sheer bullshit by your Pravda media directed by Axlerod.

It is complete and utter lies.

LOL Tiny, is that you?

Tis the real me. Who else would admit it?

Nice to see you again

 

[LadyGunSlinger]

Why is the price of gas so high then? Every one in the media is blaming the "unrest in the Middle East".

This is sheer bullshit by your Pravda media directed by Axlerod.

It is complete and utter lies.

LOL Tiny, is that you?

Tis the real me. Who else would admit it?

Nice to see you again

You also.. It's nice to see you posting here. Plaz is harmless and actually a pretty funny guy.. Don't let him fool ya!

 

[Nic_Driver]

IEA Press Releases

23 June 2011 Paris --- International Energy Agency (IEA) Executive Director Nobuo Tanaka announced today that the 28 IEA member countries have agreed to release 60 million barrels of oil in the coming month in response to the ongoing disruption of oil supplies from Libya. This supply disruption has been underway for some time and its effect has become more pronounced as it has continued. The normal seasonal increase in refiner demand expected for this summer will exacerbate the shortfall further. Greater tightness in the oil market threatens to undermine the fragile global economic recovery.

In deciding to take this collective action, IEA member countries agreed to make 2 million barrels of oil per day available from their emergency stocks over an initial period of 30 days. Leading up to this decision, the IEA has been in close consultation with major producing countries, as well as with key non-IEA importing countries.

I guess Obama didn't have to cooperate with the IEA. He would have taken a hit from the right either way so what the heck.

 

[WillowTree]

No, I can straighten you out here.
WHen oil prices were high, the reasons were a weak US dollar and restrictions on drilling by the Interior Dept. Prices have come down because the US and world economies are going back in the shitter, as evidenced by higher UE claims etc. Prices dropped sharply when Obama misused the strategic reserve for political ends.
So prices rose because of failures of Obama policy.
Prices fell because of other failures of Obama policy.
Prices plummeted because of even more failures of Obama policy.
Is that clearer to you now?

nope, once again you just babble out shit.
See you make it out to because of a weak dollar. The restrictions have nothing to do with it. Thats just your partisan ass talking.
Its also gone up due to weather related problems, and China and India using more and more, but you wouldnt mention that because it doesnt fit your pathetic agenda.

See you guys where complaining about 4$ gas when gas was at 3.75, Thats not 4$, thats 3.75 and it was dropping. It had dropped 25 cents in a week, And yet you guys where to stupid to notice. Which says you dont deal in actual real time facts. You deal in what you make up.


PRECIOUS METALS: Dollar Strength Stifles Gold's Rally - WSJ.com

Whoops i guess the dollar is at a three week high. This really has nothing to do with Obama's policies at all. A weaker/slowing down economy at the world stage, Cutbacks from the american people, and a dollar getting stronger are the main reasons.

You got one out of three i listed. Thats not even counting what Open threatened. Which would make it 1-4 for you.

Hack

So you've proven my point. The dollar is at a three week high and oil has dropped over the last, oh, 3 weeks.

You're so stupid you don't even know when you're wrong.

He thinks everything is just fine. him do. that's plasmadork for ya.

 

[Avorysuds]

Let me get this straight....the right attacks Obama when oil prices are too high. They come down, but they give Obama no credit. And now through this move, oil prices are dropping sharply, and the right attacks Obama again. Is that about right?

Let me get this straight....the left attacks Bush when oil prices are too high. They come down, but they give Bush no credit. And now through not doing this move, oil prices are dropping sharply, and the left attacks Bush again. Is that about right?

Yeah, that's about right.

Bush knew that that oil was for dire emergency and not to be used as an election point.

Are you aware that the oil will have to be replaced?

Fucking owned...

Obama's "recovery" should not be failing (not slowing but failing) just because gas goes up a buck or so... Shit, it's still 1 dollar less than when Bush was in office, does that mean Bush was really doing a great job but the gas cost screwed him?

 

[tinydancer]

what the hell you talking about?
I know all about where we get our oil from. Canada is just a part of it. i listed why oil dropped, Canada has nothing to do with it.

Why is the price of gas so high then? Every one in the media is blaming the "unrest in the Middle East".

This is sheer bullshit by your Pravda media directed by Axlerod.

It is complete and utter lies.

I've already been over this. Go read the thread..

What thread?

I'll tell you what I do know from real life. I was heading west intending to take a sudden turn south before a Hurricane called Katrina rolled in.

We were over Superior when the speculators even before the hurricane hit started to drive the price over $1.00 per litre.

Nasty. And they kept driving the price up. Katrina hadn't even hit. But the speculators kept driving the price up.

Every day I see the bullshit in the media about the "unrest in the middle east". As that's supposed to be making the gas prices what they are.

It's all a lie.

I would think that you as a lib (because I am a former really big lib) would be screaming to the good lord almighty on this. Oh I forgot, Rules for Radicals is dedicated to Lucifer. The first Community Organizer....

But NOOOOOOOOOOOOOOOOOOO!!!!! President Axelrod whoopsies Obama can do no wrong.

btw nice to see you again.

Was it Alba? have we all been exiled to Alba?

 

[The Rabbi]

nope, once again you just babble out shit.
See you make it out to because of a weak dollar. The restrictions have nothing to do with it. Thats just your partisan ass talking.
Its also gone up due to weather related problems, and China and India using more and more, but you wouldnt mention that because it doesnt fit your pathetic agenda.

See you guys where complaining about 4$ gas when gas was at 3.75, Thats not 4$, thats 3.75 and it was dropping. It had dropped 25 cents in a week, And yet you guys where to stupid to notice. Which says you dont deal in actual real time facts. You deal in what you make up.


PRECIOUS METALS: Dollar Strength Stifles Gold's Rally - WSJ.com

Whoops i guess the dollar is at a three week high. This really has nothing to do with Obama's policies at all. A weaker/slowing down economy at the world stage, Cutbacks from the american people, and a dollar getting stronger are the main reasons.

You got one out of three i listed. Thats not even counting what Open threatened. Which would make it 1-4 for you.

Hack

So you've proven my point. The dollar is at a three week high and oil has dropped over the last, oh, 3 weeks.

You're so stupid you don't even know when you're wrong.

6 weeks. Fuck that, you blamed Obama policies as the main reason. Now all of a sudden i proved your point? LOL fuck you are pathetic.

Selective reading will not save you from appearing to be a retard.

 

[Nic_Driver]

Every day I see the bullshit in the media about the "unrest in the middle east". As that's supposed to be making the gas prices what they are.

It's all a lie.

The IEA disagrees with you. Do you have something to offer to back up your assertion?

 

[Avorysuds]

Let me get this straight....the right attacks Obama when oil prices are too high. They come down, but they give Obama no credit. And now through this move, oil prices are dropping sharply, and the right attacks Obama again. Is that about right?

Thats right. Becauase he keeps pushing these bullshit environmental causes, which strains energy prices. He keeps spending and printing money, making the dollar worth less, and hence, making it cost more per gallon.

This retarded move by him is for ONE reason: To lower gas before the July 4th holiday. With a huge debt battle brewing, the last thing Obama wants is for millions of families to be reminded how miserable they are while spending $75 to fill up their gas tank for the holday weekend. So, he pulls this stunt to relieve prices temporarily in hopes his plummeting approval numbers steady. Because he knows for certain the left wing is gonna lose this pending debt battle.

Yup, Obama is trying to create a small fake bubble right before the forth of July so people spend spend spend money they don't really have... Aww, so nice of him.

HEY TM and RW! News flash, I'm getting a message from the other side! Consumer spending with increase right near the end of June and at the very start of July! Then drop off just after July 4th! Go make your thread how the economy is turning around before the 4th!

 

[tinydancer]

LOL Tiny, is that you?

Tis the real me. Who else would admit it?

Nice to see you again

You also.. It's nice to see you posting here. Plaz is harmless and actually a pretty funny guy.. Don't let him fool ya!

Really nice to see you again. And I love Plasmaball. Good debater/facts oriented/ and one of my favorite libs. Because Plasmaball can debate for true.

I still can't figure out what happened on the board that shall remain nameless, but I never thought that ban was warranted.

 

[American Horse]

What bunk... He releases from the reserve when the trends are down for gas prices. And without Gaddafi's vote for not increasing oil to the market place at OPEC's last meeting - recall that our non-kinetic action over Libya's ostensible purpose is go get Gaddafi out - then oil prices might well've been lower sooner.

 

[LadyGunSlinger]

Tis the real me. Who else would admit it?

Nice to see you again

You also.. It's nice to see you posting here. Plaz is harmless and actually a pretty funny guy.. Don't let him fool ya!

Really nice to see you again. And I love Plasmaball. Good debater/facts oriented/ and one of my favorite libs. Because Plasmaball can debate for true.

I still can't figure out what happened on the board that shall remain nameless, but I never thought that ban was warranted.

Yea, me and Reagan love our Plaz too He's all wrong on the issues but a great debater and pretty hottt tooo.. LOL

It's all good Tiny.. best thing that happened for me.. I love USMB.. it's home to me now.. I don't even care to be honest. A lot of great posters here and some good friends. I've also made some new friends and enemies too ;-) LOL I missed you.... so so happy to see you.. xxoo

 

[mudwhistle]

Let me get this straight....the right attacks Obama when oil prices are too high. They come down, but they give Obama no credit. And now through this move, oil prices are dropping sharply, and the right attacks Obama again. Is that about right?

You do understand that the price is going down, but not fast enough to help Obama's poll numbers, so he's doing everything he can to bring the price of gas back down. Even though the simple fact that he and his friends wanted and caused the increase in the first place.

Btw, didn't the left claim that more oil on the market wouldn't effect the price at all??????

What's up with that????

Why aren't the evil speculators keeping the price up????

 

[tinydancer]

6 weeks. Fuck that, you blamed Obama policies as the main reason. Now all of a sudden i proved your point? LOL fuck you are pathetic.

Selective reading will not save you from appearing to be a retard.

ah so you are just making up crap again..

ROTF

well there goes my whole theory of you being a great debater!!!!

sheesh

Accusing some one of "making up crap" is not debating Plas. Help me out here in your defense.

 

[Trajan]

This is kind of why we have a strategic reserve. It would have made more sense to have done it earlier, but better late than never.

I hope Obama gets the message that Gas>3.50 is bad for electoral chances, and he moves to loosen up drilling regulations to keep the price in line. What we get is a pragmatic compromise where he rises above principle to get re elected, and we get Sarah Palin's policy of drill like crazy, but with a bit of adult supervision.

I have to disagree.

This is NOT why we have an STRATEGIC reserve... The price spiked at $115.00 3 weeks ago.... spot yesterday was under $95 and still on its way down....and this like cash for clunkers will be short termed. Then we have to put it back.....

Realeasing 60 million barrels is very excessive, given history. And we will have to replace it, but pushing down the pice will work for right now. He has been letting up on oil sales and the like.

It is to be hoped that he understands that oil >3.50 is electoral disaster and works over the next 18 months to increase domestic production to the point where he maintains that price point.

I am sorry, but I cannot get on board with that equation.

 

[editec]

I can think of two rational and plausible reasons for the government to sell off oil now:

the price of oil will continue to decline, so the Fed takes some profit on the reserve and that oil can be repuchased in the future at a lower cost; and, releasing the oil on the market will apply downward pressure on prices in the longer run.

We all know one thing...the high price of gas and oil is hurting this economy.

We also know another thing -- the nation needs money.

Maybe Obama is a player, just gaming the market on our behalf.

Where's the beef in this complaint?

It's might be, while slightly mistimed, a smart move.

Sell high, buy low...that's a bad thing?

Why shouldn't our goverment ALSO game the market like the speculators can?

People talk about running government like a business, but when Obama does it, then that's creeping socialism.

 

[LadyGunSlinger]

I can think of two rational and plausible reasons for the government to sell off oil now:

the price of oil will continue to decline, so the Fed takes some profit on the reserve and that oil can be repuchased in the future at a lower cost and releasing the oil on the market will continue the downward pressure on prices in the longer run.

We all know one thing...the high price of gas and oil is hurting this economy.

Maybe Obama is a pluyer, just gaming the market on our behalf.

Where's the beef in this complaint?

It's might be a slightely mistimes smart move.

Sell high, buy low...that's a bad thing?








Why shouldn't our goverment ALSO game the market like the speculators can?

Oh please.. the leftist messiah is in deep shit and he fuckin knows it. He has done everything in his power to raise energy prices to include telling all of us that is precisely what his agenda would be should he get elected.. he counted on more than his mindless zombie sheep to support him in this and has found the majority of the country has told him to SUCK IT.. This release is NOTHING more than election politics.. if he didn't have the voters to answer to in 2012, he wouldn't do shit and every damn body knows it. Who do you libs think you're fooling anyhow?

 

[tinydancer]

You also.. It's nice to see you posting here. Plaz is harmless and actually a pretty funny guy.. Don't let him fool ya!

Really nice to see you again. And I love Plasmaball. Good debater/facts oriented/ and one of my favorite libs. Because Plasmaball can debate for true.

I still can't figure out what happened on the board that shall remain nameless, but I never thought that ban was warranted.

Yea, me and Reagan love our Plaz too He's all wrong on the issues but a great debater and pretty hottt tooo.. LOL

It's all good Tiny.. best thing that happened for me.. I love USMB.. it's home to me now.. I don't even care to be honest. A lot of great posters here and some good friends. I've also made some new friends and enemies too ;-) LOL I missed you.... so so happy to see you.. xxoo

This board is amazing and true blue. What you see is what you get out of every poster and I love it. Left or Right everyone is honest and you can trust yourself to say what you really think without looking over your shoulder to see what drama queen is going to report you to the mods.

I was busy up here for quite awhile because we had such an important election on the line and we were able to pull off a Conservative majority finally.

Wasn't easy. But we did it.

Now for some fun.

yours,

td

 

[mudwhistle]

I can think of two rational and plausible reasons for the government to sell off oil now:

the price of oil will continue to decline, so the Fed takes some profit on the reserve and that oil can be repuchased in the future at a lower cost and releasing the oil on the market will continue the downward pressure on prices in the longer run.

We all know one thing...the high price of gas and oil is hurting this economy.

Maybe Obama is a pluyer, just gaming the market on our behalf.

Where's the beef in this complaint?

It's might be a slightely mistimes smart move.

Sell high, buy low...that's a bad thing?








Why shouldn't our goverment ALSO game the market like the speculators can?

So you want our government speculating in the Petroleum market????

It's pretty plain they don't know how to make money, just spend it.