White House Dusting Off Plan For SPR Release--Source [NotSoBreaking] - MarketTicker Forums


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User Info	White House Dusting Off Plan For SPR Release--Source in forum [NotSoBreaking]
Argos Posts: 6312 Incept: 2008-03-23 The Green Mountain State	News from the bottom of the hour: http://www.reuters.com/article/2012/08/1.... Partial quote: Quote: 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. 2012-08-16 14:56:02 Permalink
Etz Posts: 13889 Incept: 2007-06-26 LA	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~~ Obozo's re-election. FIFY ---------- Legal chicanery and beneficent darkness are the banker's stoutest allies - F.Pecora. 2012-08-16 15:05:08 Permalink
Steinbeck Posts: 115 Incept: 2009-03-04 Online	Just in time for elections I see. 2012-08-16 15:07:15 Permalink
Argos Posts: 6312 Incept: 2008-03-23 The Green Mountain State	Keep in mind that Reuters, in the past, has been guilty of juicing the market late in the day with "news" that didn't really bear-out. 2012-08-16 15:10:49 Permalink
Asimov Posts: 103906 Incept: 2007-08-26 East Tennessee Eastern Time	"Dusting off" from earlier this year? ---------- It's justifiably immoral to deal morally with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente. 2012-08-16 15:16:25 Permalink
Spanktron9 Posts: 2771 Incept: 2009-03-13 Reality.	Uh, I thought the current rise in gasoline prices was due primarily to refinery shutdowns and problems with production. How is more raw product going to help the pump price? ---------- "Winter is coming." -Motto of House Stark "Mo'lon La'be"- Leonidas "Strong people are harder to kill than weak people, and more useful in general" - Mark Rippetoe "Its like Calvinball."-MarvinMartian 2012-08-16 15:23:39 Permalink
Gamma Posts: 5549 Incept: 2008-01-20 Northern CA	The US Government is the only entity on earth that can exercise an entire multi-hundred million dollar agency, its' thousands of bureaucrats whose pensions we have to pay and a rabid PR machine, all over turning a ***ing valve or two. ---------- This stuff we're going through, this is nothing compared to the Middle Ages. They told me if I voted for John McCain, an idiot would be a heartbeat away from the presidency. Sure enough... Last modified: 2012-08-16 15:27:37 by gamma 2012-08-16 15:27:15 Permalink*
Krs Posts: 686 Incept: 2009-05-07 Colleyville, Texas	QE for the people baby, Obama gonna pay my gas bill ---------- Fog, smoke, and mirrors... perhaps those tin-foil-hat wearing digital dickweeds were on to something? Tyler Durden on the Fed � Feb 28, 2013 2012-08-16 15:48:41 Permalink
Argos Posts: 6312 Incept: 2008-03-23 The Green Mountain State	The US faces stiff opposition to SPR release, says Reuters: http://www.reuters.com/article/2012/08/1.... Partial quote: Quote: IEA says no need for oil stock release, market well supplied Japan, South Korea oppose tapping emergency stocks France, UK open to discussing release with United States 2012-08-17 15:50:16 Permalink
Lowbeyond Posts: 16875 Incept: 2008-02-11 CO aka West NJ/East CA	um putting aside if this is a good idea or not. just why does the US need permission from other countries to release oil from the US's SPR ? wtf ---------- Maybe it was a birdy bread-bomber from the future?! 2012-08-17 15:56:34 Permalink