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This is a new factor that speculaters will have to speculate on, will there be inside interference on the market? The game just became a lot riskier.
My conspiracy theory on the timing of this is because Uncle Ben is ending Q2 and thus will not be the main purchaser of treasuries. So of course we are desperately seeking buyers to fill the void left by the FR. Enter the banksters, and as we all know are major players in oil speculation. So the timing of this move is to chase the banksters out out of the market and into the void to buy treasuries.
What do you think of my conspiracy theory? have I been smoking too much?
This oil release is completely bogus. Similar to what Nayabone said, the Strategic Oil Reserve is there in case the oil supply lines are disrupted by enemies to the country (for example). If somehow we were blockaded or our oil supply shut off, the military could defend the country for some period of time. (no oil, no tanks, planes, etc).
This release is purely political. People are saying Obama isn't doing enough to help with oil prices. So, he releases some oil to show that "he cares."
There isn't much Obama can do to directly affect oil prices. However, he could help spur on alternative resources (or other oil projects) through government grants. But, that's a whole different conversation.
Because of the release of our EMERGENCY oil reserves, the Saudi's are cutting back on the oil production, they had just ramped up, to levels less than before the flood of oil into the US market. This will raise prices drastically and rapidly, nullifying the waste of our reserves in a non-emergency situation.
Down yesterday, and back on a rapid rise in the weeks to come.
$6- $7 a gallon by Labor Day, is predicted.
If this is/was a wake up call that we need to drill baby drill right here to saturate our own market in oil.
It worked but like anything Obama, it is not sustainable. Short term gain for long term peril. They cannot think past their noses.
A political play, that defines this idiot we call Obama.
another major screw up by the fool in the WH... That oil is there for an emergency, not to further some idiot's reelection chances.... Everything he does, he does for himself, he doesn't care about the country...
Doesn't matter, the fool is toast next election.!!
It will have NO long-term effect on the price of gas/diesel.
Actually it is an emergency. The longer oil prices stay too high, the higher the chance it will tip the dominoes of another financial collapse. It's no coincident the '08 crash happened after a summer of 150.00/bbl oil, and this time the elite members of the towel 'n robe clans are mad at us for engineering civil wars in their countries, so they won't do it for us.
Too bad it won't stop the inevitable.
Actually, it ISN'T an emergency..! An emergency is when the supply is shut off and there is no oil..!!
I agrees I would love to see oil at the price it was when the incompetant crook took office two years ago, but no matter how high the price of oil, as long as it is available, there is no emergency..!
If f*ck head really wanted to see the price of oil nosedive, he would open up all domestic drilling. Just making the announcement would have prices dropping overnight.. That is not what he wants, he wants all of America broke and umemployed and relying on the government, then he can rebuild the country into his dream socialist republic...
I've got a secret news flash for you .... and I've said this on other threads, though THIS is really breaking news that has just been revealed.
First, the old news that most of you have never heard about .... Back in the 1970's, Atlantic Richfield/ARCO discovered MASSIVE oil reserves in Alaska. Within 24 hours, the discovery was classified by the US Government .. and no oil was allowed out. This oil reserve is the largest oil reserve ever found, dwarfing Saudi Arabia or anyone else ... enough oil to supply 100% of the US need, plus plenty to export for the next 100+ years, while providing Americans with Gasoline at $1 gallon. But it has been kept secret for 40 years.
The common response I've received when I inform people about this is ... "that's crazy talk ... why would the government do that, when this would fix the economy ... free us from the use of foreign oil ... blah, balh blah". So if that is what comes to your mind, it's quite a natural response. But it's also a response based on a major false assumption .... that the government wants to fix the economy and wants energy independence. A legitimate government of the people would certainly want that, but that's not what we have. The government now in place are puppets of the international financial cartel who are responsible for the financial crisis, energy crisis, wars and the rest. And they are purposely imploding the US economy, as well as the economies of the world in order to bring in a new world currency. That requires killing the US Dollar, which doesn't have much left, value wise, now.
So, you think this is a conspiracy theory? Well, here is the newly released inside information that I'm telling you now .... write this down, print it out, wait and watch ... and when it happens, then you will realize what you think you know, was all a lie.
Over the next 6-12 months, one by one, the Middle Eastern countries are going to be imploded (like Libya is being imploded right now). Yemen, Syria, Jordan, and yes ... even Saudi Arabia. They are all going to fall into revolution (covertly orchestrated by the bankers, just as Libya has been). This will lead to a total cut off of oil to the United States ... gas shortages, skyrocketing prices, and economic conditions tha will make today seem like the good old days.
During this time frame, major infrastructure and a huge oil rig will be deployed in the arctic region around alaska, and those massive oil fields will be brought online to supply America with oil after the Middle East is shut down. This may even be annonced as a a new discovery and will likely be depicted as much smaller than it actually is ... and they plan to bring this oil production online sometime after oil reaches $200 a barrel, so they can make a FORTUNE (it will cost them about $6 per barrel to extract), and there is at least a Trillion barrels in just one of those fields.
There are a multitude of reasons why this 1970's discovery was kept secret ... one is supply and demand ... and the other is that since the 1970's, after the US was taken off the gold standard, the US Dollar was in effect, backed by oil, being the world reserve currency for which all oil trading worldwide used the US Dollar as the trading currency, and a deal was struck with the OPEC boys that as long as they traded their oil in US dollars ONLY ... we would not produce this massive US oil which would flood the world market in oil, and make it dirt cheap (not good for the oil producing nations in the middle east). And this has been the deal ongoing for the past 40 years. So all of this "oil dependancy" crap was in fact a strategic decision made by the financial oligarchs to control worldwide energy and oil, and maintain higher prices. The dips and spikes that have occurred in the oil prices over the decades have been manipulations purposely orchestrated for political and financial purposes.
Sounds strange to most people ... but those are the facts ... and just watch what happens over the next 12 months ... and you'll see that this is in fact the truth.
Pay attention ... and remember what you just read here.
Actually, it ISN'T an emergency..! An emergency is when the supply is shut off and there is no oil..!!
I agrees I would love to see oil at the price it was when the incompetant crook took office two years ago, but no matter how high the price of oil, as long as it is available, there is no emergency..!
If f*ck head really wanted to see the price of oil nosedive, he would open up all domestic drilling. Just making the announcement would have prices dropping overnight.. That is not what he wants, he wants all of America broke and umemployed and relying on the government, then he can rebuild the country into his dream socialist republic...
Well, that's patently ridiculous to make such a claim. The grocery store can be filled to the brim with Kobe Beef at $25 per lb .... but to people who can barely afford Chicken at $1.99 lb, the amount of beef available means nothing if they don't have money to buy it.
Given that everything is dependent on energy .... every product on the shelves are delivered by trucks that use oil ... the price of oil impacts everything you need .... food being a major item.
As for Obama ... he's a puppet, just like all of the rest. He doesn't make these decisions anymore than you do. And that was always his purpose ... to be the deliverer of the death to he US economy, so that he can take the blame. Bush started the ball in motion, and Obaaama just picked up where Bush left off, and accelerated the pace.
In every war, it's the front line soldiers and commanders taking fire ... not the planners at the Pentagon watching and playing war games from the comfort and safety of their war rooms. The same is true of the financial war going on now .... you'll not see or hear of the planners who orchestrate this from their anonymous conference rooms and offices in London and NY.
What we see occurring right now was planned before you were born ... and these guys you think are making these decisions are just reading from scripts. People need to understand this, and stop letting these crooks deceive you.
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