SUPERSPIKE: Oil soars despite Obama release of reserve...

Discussion in 'Economy' started by teapartysamurai, Jun 29, 2011.

  1. teapartysamurai
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    teapartysamurai Gold Member

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    Now this is no surprise.

    CLQ11.NYM: Summary for Crude Oil Aug 11- Yahoo! Finance

    As a matter of fact, this is EXACTLY what Bush told you clueless libs when libs were clamoring for Buh to do the same when gas went up during his admin.

    Bush told libs that releasing the strategic reserve wasn't going to change gas prices, but libs kept yammering for it anyway.

    Instead Bush opened up more offshore drilling and Opec (almost immediately) lowered their prices in response.

    But, leave it to Obama not to learn the lesson. Nope. Instead he opened the strategic reserves which is like adding a drop of water to the ocean. It didn't change anything.

    But liberals in the news were telling us that because of this move, gas prices could be much lower this summer. (That's what my local news dopes told us when Obama opened the reserves) Dopes!

    Bush proved right again. Don't expect any liberal to admit it.

    I expect liberals in the news and blogasphere will be pushing conspiracy theories about "speculators" and "eeeeeeeeeeeeeeevil oil companies" to be behind the rising prices.

    They will never admit it's Obama's dumb dumb dumb policies.
     
  2. Big Fitz
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    Big Fitz User Quit *****

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    Some people just don't learn till they burn their hand. Then when it stops hurting, they do it again.

    Guess I better fill up before the price jumps per gallon another Quarter by Friday.
     
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  3. teapartysamurai
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    teapartysamurai Gold Member

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    I'm afraid that's going to be the result.
     
  4. Avorysuds
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    Avorysuds Gold Member

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    LOL, Obama is in the tank with big oil!
     
  5. Mr. H.
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    Mr. H. Diamond Member

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    That's part of the story. The dollar is a tad weaker, Greece seems on track to do something about their financial woes, and the stock market is in a bit of a rally.
     
  6. Big Fitz
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    Big Fitz User Quit *****

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    Cue those calls from the ecofascisti in 3...2...1...
     
  7. B. Kidd
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    B. Kidd Gold Member

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    The Saudis' oil output has not made up the difference from the loss of Libyan oil.
     
  8. kwc57
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    kwc57 BOHICA Obama

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    I paid $3.06 per gallon for regular unleaded yesterday. Life is good.
     
  9. B. Kidd
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    B. Kidd Gold Member

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    'Good' will be short-lived. Dems cannot count on sustained lower gas prices heading into the 2012 elections. They need to look elsewhere for drivers of positive economic growth. I concur with the following article:

    The Dark Side of the OECD Oil Inventory Release - Seeking Alpha
     
    Last edited: Jun 29, 2011
  10. FuelRod
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    FuelRod Gold Member

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    Obama released 36 hours worth of Oil more than 120 hours ago. Duh.
     

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