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Reuters: Obama Considering Release From Strategic Petroleum Reserves (To Save His Reelection)

 
Anonymous Coward
User ID: 19228212
United States
08/17/2012 12:30 AM
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Reuters: Obama Considering Release From Strategic Petroleum Reserves (To Save His Reelection)
PANIC TIME IN THE WHITE HUT...
Democrat Presidents empty the SPR to buy votes with, Republican Presidents catch hell for doing the right thing, and filling it back up again.
Rinse and repeat...

Obama will do a massive oil release in October just in time for Election Day. By flooding the market with the reserve oil, he can bring gasoline prices down by 50 cents or more. In a close election, it could make a difference in his favor, or that is what he thinks.

"WASHINGTON (Reuters) - The White House is "dusting off old plans" for a potential release of oil reserves to dampen rising gasoline prices and prevent high energy costs from undermining the success of Iran sanctions, a source with knowledge of the situation said on Thursday.

U.S. officials will monitor market conditions over the coming weeks, watching whether gasoline prices fall after the September 3 Labor Day holiday, as they historically do, the source said.

It was too early to say how big a drawdown would be from the U.S. Strategic Petroleum Reserve and, potentially, other international reserves if a decision to proceed was taken, the source said."

Iran sanctions, my a**...
Anonymous Coward
User ID: 2667425
United States
08/17/2012 12:33 AM
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Re: Reuters: Obama Considering Release From Strategic Petroleum Reserves (To Save His Reelection)
Only paying Americans cash can save his "re-scam".
Anonymous Coward
User ID: 22098481
United States
08/17/2012 12:37 AM
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Re: Reuters: Obama Considering Release From Strategic Petroleum Reserves (To Save His Reelection)
Cripple national defense and get re-elected, brilliant! Win-win in Obama's mind!

ohappy
Anonymous Coward (OP)
User ID: 19228212
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08/17/2012 12:43 AM
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Re: Reuters: Obama Considering Release From Strategic Petroleum Reserves (To Save His Reelection)
Only paying Americans cash can save his "re-scam".
 Quoting: Anonymous Coward 2667425


They will be doing that in places like Philly, Baltimore, Chicago, Milwaukee, Detroit, Gary, etc.

Dems call it "Walking Around Money"
Raven Black
User ID: 22130760
Mexico
08/17/2012 12:55 PM
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Re: Reuters: Obama Considering Release From Strategic Petroleum Reserves (To Save His Reelection)
That black man is a whore and it was planted by the CIA/Mossad. We got suckered, AGAIN!!!

Why doesn't some redneck, gun-toting, rightwingbot give it the same treatment as Kennedy got?????





GLP