Monday May 28, 2012

JAPAN NEWS AND DISCUSSION

U.S. and others plan biggest release of reserve oil

World Jun. 24, 2011 - 06:58AM JST ( 16 )

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16 Comments

0

ihavegreatlegsJun. 24, 2011 - 12:27PM JST

Is this good?
1

WilliBJun. 24, 2011 - 12:30PM JST

No, this is not good. The national resevere is supposed to be an reserve for a national emergency, not a tool for politicians to play with for short tem market manipulation.

But part for the course for the current admin...
1

paulinusaJun. 24, 2011 - 01:09PM JST

"But part for the course for the current admin..."

"The release by the International Energy Agency, a group of more than two dozen countries,..."

I didn't know the administration consisted of the IEA and two dozen countries.
0

Lieberman2012Jun. 24, 2011 - 05:10PM JST

Another unforced error from Team Obama.
0

tmtmsnbJun. 24, 2011 - 05:32PM JST

Is US holding off digging its own oil deposits? Isn't it time to do so? I head they will do it when the Arabs run out of theirs. Could be too late by then.
0

SerranoJun. 24, 2011 - 09:14PM JST

"high oil prices"

Something is worth whatever someone is willing to pay for it.
0

anglootakuJun. 25, 2011 - 01:08AM JST

Black gold
0

Bartholomew HarteJun. 25, 2011 - 09:27AM JST

Just another Shameless Political ploy-The Saudis will get the last laugh in this matter! No Blood for Oil? The blood has been spilled in Iraq & We should just Help Ourselves- Spoils of War!!
0

sfjp330Jun. 25, 2011 - 09:30AM JST

What is the difference? This reserve oil is what U.S. consumes in day and a half? Big deal.
0

Lieberman2012Jun. 25, 2011 - 10:57AM JST

Wow. It's like Obama has realized at last that *supply and demand *is also a law, uncannily similar to certain laws of nature, but it's not a law he and other like-minded ideologues can simply lawyer up against; it's not something the media's going to automatically demonize on his behalf.Must be quite a shock for the "absolute monarch" - as one of his fellow Dems in Congress has called him - to discover there are such laws. How a little private sector experience before beginning his serial campaigns would have helped this man, America, and the world...
0

johninnahaJun. 25, 2011 - 12:10PM JST

http://www.dailyenergyreport.com/2011/01/how-much-energy-does-the-u-s-military-consume/
-1

WolfpackJun. 25, 2011 - 11:22PM JST

The price of oil has been going down for weeks already due to the economic damage that President Obama's economic policies have had on the US - and global - economy. The oil reserve is for national emergencies. The only national emergency we have is the Obama regimes Socialist economic policies.
-1

Jeffrey DuelleyJun. 26, 2011 - 06:59AM JST

I think it's hilarious that so many people believe Obama has control over the national economy and global commodity markets.
0

Lieberman2012Jun. 26, 2011 - 07:15PM JST

"think it's hilarious that so many people believe Obama has control over the national economy and global commodity markets."

You probably believed the malarkey about "jobs, millions of em, shovel ready."
0

SerranoJun. 28, 2011 - 09:24PM JST

In 2008 Obama said the U.S. should stop all imports of oil from the Middle East and Venezuela within 10 years.

How's that coming along? Any progress on that yet?
0

SerranoJun. 29, 2011 - 03:18PM JST

Nope, not yet.