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Thread: Obama may tap strategic reserves

  1. #21
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    Re: Obama may tap strategic reserves

    Quote Originally Posted by rocket88 View Post
    Then what is it you guys have been having a fit over???

    BTW, I thought Murkowski was one of them RINOs that the TP hated.

    We are having a fit over the fact gas has doubled since obama took the reigns and seems too be trending up yet again.


    Even Lisa see's the absurdity of this move, that should impress you libs.


    You know what's interesting though is that you libs constantly deny drilling more oil in US would stabilize prices but suddenly releasing a little from our reserves will do just that. You guys need to pick a story and stick with it.

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    Re: Obama may tap strategic reserves

    Quote Originally Posted by sawyerloggingon View Post
    You know what's interesting though is that you libs constantly deny drilling more oil in US would stabilize prices but suddenly releasing a little from our reserves will do just that. You guys need to pick a story and stick with it.
    Drilling would stabilize prices -- long term. Releasing from the reserves would do it in the short term.

    New oil wells will take years to have much of an effect on prices. I favor more drilling. Not unlimited "drill wherever, whenever." Drilling is good as part of a comprehensive plan. "Drill baby drill" is not a plan, it's a bumper sticker.


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
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    Too bad we have to observe human rights.

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    Re: Obama may tap strategic reserves

    Quote Originally Posted by sawyerloggingon View Post
    So I assume by your comment you think obama should not tap the reservdes?
    Because of the economy demand for gas is down, in fact our number one export today is petroleum fuels because prices are determined on the world stage.

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    Re: Obama may tap strategic reserves

    That is true, they are set on the world market. But for that reason, the president has little to no effect on the price of oil. No president does. And if he tries to, he's going to screw things up royally.

    If Obama really wanted to help bring down the price of oil, he needs to have speculators thinking there will be a long term increase in the supply. That is done by drilling, not by tapping the oil reserves.

    Of course based on prior performance, I wouldn't expect our idiot-n-thief to understand that.

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    Re: Obama may tap strategic reserves

    Quote Originally Posted by dontworrybehappy View Post
    That is true, they are set on the world market. But for that reason, the president has little to no effect on the price of oil. No president does. And if he tries to, he's going to screw things up royally.

    If Obama really wanted to help bring down the price of oil, he needs to have speculators thinking there will be a long term increase in the supply. That is done by drilling, not by tapping the oil reserves.

    Of course based on prior performance, I wouldn't expect our idiot-n-thief to understand that.
    Speculators are not interested in long term anything, they can't take delivery on any oil and it costs them to hold those tankers out in the bay. All Obama is doing is calling their bluff and taking the wind out of their greedy sails. Bush had the Saudi's increasing production before his re-election bid which did the same thing. I doubt they will do the same for Obama after he got Bin Laden out of his cushy digs.

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    Re: Obama may tap strategic reserves

    Quote Originally Posted by iguanaman View Post
    Speculators are not interested in long term anything, they can't take delivery on any oil and it costs them to hold those tankers out in the bay. All Obama is doing is calling their bluff and taking the wind out of their greedy sails. Bush had the Saudi's increasing production before his re-election bid which did the same thing. I doubt they will do the same for Obama after he got Bin Laden out of his cushy digs.
    Apparently you have no clue who oil speculators set the price of oil. It is ALL based on future supply. If they think in the future there will be more oil, then oil now is worth less. If they think in the future less oil will be available, it sends up the price now.

    To say they don't care about long term anything is really quite ignorant.

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    Re: Obama may tap strategic reserves

    Emergency reserves should be used in emergency shortages. Not to save a politicians political image.
    When the debate is lost, slander becomes the tool of the loser. -Socrates
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    Re: Obama may tap strategic reserves

    Quote Originally Posted by digsbe View Post
    Emergency reserves should be used in emergency shortages. Not to save a politicians political image.
    Exactly.. and if there is a confrontation in the ME.. we may need those strategic reserves ..

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    Re: Obama may tap strategic reserves

    Quote Originally Posted by sharon View Post
    Exactly.. and if there is a confrontation in the ME.. we may need those strategic reserves ..
    That's what I'm think as well. As things heat up in the Middle East the reality of a conflict becomes more likely. We need to save those reserves for times such as that and it's very very unwise to use them in lieu of what we see internationally in the Middle East right now.
    When the debate is lost, slander becomes the tool of the loser. -Socrates
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    Re: Obama may tap strategic reserves

    Quote Originally Posted by dontworrybehappy View Post
    Apparently you have no clue who oil speculators set the price of oil. It is ALL based on future supply. If they think in the future there will be more oil, then oil now is worth less. If they think in the future less oil will be available, it sends up the price now.

    To say they don't care about long term anything is really quite ignorant.
    Why would speculators give a hoot about how supply is a year or a decade from now? How could they even have a clue? You are ignorant of the reality of how speculators work. It's all about emmotions and how much MONEY they are willing to throw at oil prices THIS MONTH before somebody turns around and says "There's a glut of oil on the market and prices need to come down".

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