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Home Front: Politix
Obama taps Strategic Petroleum Reserve
2011-06-23
23 June 2011 (NPR): The Obama administration has decided to release 30 million barrels of oil from the country's emergency reserve as part of a broader international response to lost oil supplies caused by turmoil in the Middle East and North Africa, particularly Libya.
Now for something completely different (and this will not be reported by the MSM): The United States consumed 18.8 million barrels per day (MMbd) of petroleum products during 2009.
The Big Zero has outdone himself in another stupid and at the same time inadequate action.
Posted by:Anguper Hupomosing9418

#4  I vote for a purely political move, phil_b. :-(
Posted by: trailing wife   2011-06-23 20:55  

#3  Either a purely political move or a desperate attempt at economic pump priming.
Posted by: phil_b   2011-06-23 19:52  

#2  It's a very serious emergency - Obumble's poll numbers are way down.
Posted by: CincinnatusChili   2011-06-23 19:04  

#1  At least he doesn't have to borrow more money to let it out.

Only to fill it back up again, at the higher price.

Genius.
Posted by: Bobby   2011-06-23 18:17  

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