If Obama releases the 727-million-barrel U.S. Strategic Petroleum Reserve stockpile then -
how many days would that last at current use?
This is a vast over-simplification on my part, however... in the US we consume about 18.7 million barrels of petroleum a day, divide that by the 727 and you get about 40 days. Drop in the bucket, I mean barrel...
It is symbolism over substance. OPEC says there is too much crude oil in the market now. West Texas producers are starting to stock pile it for lack of a market. Release a few million barrels from the reserves is not going to significantly affect pricing but it does play well with the speculators who buy and sell it...Clinton pulled the same symbolic crap to no avail. If 727 million barrels are significant, then why is the EPA forbidding Shell from drilling 27 billion barrels off the Alaska Coast. This is all bullshit and lies. WB
by ptosis 7 years ago
Obama releasing oil from the Strategic Petroleum Reserve: is everybody happy yet?Or is it a a brazen political act to convince people he's doing something about gas prices?
by Doug Hughes 7 years ago
When gas prices were going up, Wingnuts were tripping over each other in a rush to blame the president. Even though he had nothing to do with it.President Obama ordered a release of strategic reserves. Prices have dropped over 50 cents per gallon in Florida.What do we hear now?
by theirishobserver. 8 years ago
President Barack Obama is hopeful of Senate ratification this year of the arms reduction treaty with Russia he is signing in Prague today, a White House official said.White House spokesman Robert Gibbs said "we hope and expect" ratification would be completed this year. Mr Gibbs, who...
by Jane Stevens 7 years ago
Truck drivers couldn't fill their rigs, Airlines couldn't afford to fuel up, shipping prices drove prices up on the shelf, companies started laying off people, the job market started falling in big numbers, the automobile manufacturers started losing sales and faced bankruptcies, loan defaults...
by jiberish 9 years ago
Anyone have a problem with this?
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