Quote:
Originally Posted by Alex
Anyone that thinks the white house can do anything significant in the short-term or even medium-term about oil pricing is fooling themselves. May as well blame them for the weather as well.
The strategic oil reserve, as used to affect the market price of oil, is silly and ultimately ineffective. If it was completely full today, it still only has enough oil to support about 30 days of US consumption. Of course it wouldn't be drained dry, so it would be some much smaller portion for use (1/4? 1/2?), which means we are talking about 5 - 15 days of usage at most.
Putting that amount into the market to try and affect pricing is a blip in the process, and within a few days the price would once again stabilize at whatever the market will bear, with the buyers and sellers agreeing on a sale price. Just like every other day.
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yup
the immigrant thing...
your very misinformed and very uneducated. there are more trueblood americans(white,black,hispanic,asian,etc) having mutiple children, not working and sucking up welfare,etc.
my sister is one of them.
anyway..
gas prices are not gonna go down..they will taper off in a few weeks. saw 4.14 here today. and i only run our crappy 92 in everything we own. regular is junk on oahu.