Oil back to $95 after dip to $90 due to Reserve release

Discussion in 'Energy' started by Trajan, Jul 1, 2011.

  1. Trajan
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    Trajan conscientia mille testes

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    heard a guy say today all he wound up doing by that strategic res. release was put a summer floor under the price ( oh and the dollar sunk again too) ....*shrugs*

    anyway, nice job Mr. President..but hey, he got some headlines....;)

    opps, wait, let me guess; it would have been worse if he hadn't...:rolleyes:

    Oil rises above $95 per barrel | PRIYO
     
    Last edited: Jul 1, 2011
  2. Toro
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    Toro Diamond Member

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    It accounted for, what, 16 hours of consumption?
     
  3. Trajan
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    Trajan conscientia mille testes

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    :lol:

    it is what it is...I mean even when hes being political he cannot get it right Daley his chief of staff wanted to do this back in march, at least then it had some patina of significance, not that it would have tuned out better really, but to do it after a drop from 115 to 95, was...well...now we have to replace it.
     
  4. Mr. H.
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    Mr. H. Diamond Member

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    Yeah I bet the traders loved it. A know quantity of oil released over a known period of time.
    Send up the flares!
     
  5. SFC Ollie
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    SFC Ollie Still Marching

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    So now gas will start going back up?

    It's what i expected anyway.

    Any takers on never getting below $3 a gallon?
     
  6. zzzz
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    zzzz Just a regular American

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    Yeah gas was around $3.25 here, Obama released some strategic reserve and it went up to $3.68! Go figure!!!
     
  7. Avorysuds
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    Avorysuds Gold Member

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    And some argue he is the "smart" President... Smart with what?
     
  8. Mr. H.
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    Mr. H. Diamond Member

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    Oil is such an interesting fascinating thing. Those who have nothing to do with it seem to have the most questions about it. So- go find some oil and quit asking such dumb ass questions.
     
  9. uscitizen
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    uscitizen Senior Member

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    Gas is down to 3.49 here.
     
  10. Mr. H.
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    Mr. H. Diamond Member

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    "Plug the hole, daddy!" beseecheth the loin-fruit of our President.

    Daddy never made hole. Daddy Bam never ever worked a day in the oil patch.

    Dad Bam don't know shit about working fingers to bone humping pipe up and down.

    Plug, baby, plug! See daddy plug. Go daddy go.

    What a fuck up.
     

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