This is simply bizarre.
The Energy Department has announced that it will release 30 million barrels of oil from its 727 million barrel reserve. The U.S. release would be equivalent to about a day and a half of total U.S. oil consumption.
The release is coming as part of an International Energy Agency call for the release of 60 million barrels of oil from strategic government stockpiles held by industrialized consumer nations in a bid to push down oil prices.
Notice the "global" effort, again. It seems nothing can be done anymore without bringing the entire world in on the planning. Clearly, a further step on the road to globalist control.
Second, releasing oil that is equivalent to a day and a half of consumption will have no serious impact. Propaganda at its most embarrassing.
Third, aren't these reserves for an "emergency"? Is Obama falling in the polls an emergency?
Looks like this is the latest attempt to knock down commodity prices through gimmicks. Gold in USD was threatening to make a run to new highs after already breaking highs in the Euro.
ReplyDeleteDrudge must read EPJ, because he just added this headline:
ReplyDelete30 million barrels will last U.S. -- a day and a half...
links to:
http://www.eia.gov/dnav/pet/pet_cons_psup_dc_nus_mbblpd_a.htm
Hmmm.
ReplyDeleteSo Obama brings home "10,000 troops" and the US taps oil reserves all within 24 hours?
Apparently, the ratings boost from OBL has worn off.