Obama Releases Oil Reserves While Boehner Releases Oily Tear Drops.
President Obama has decided to release 30 million barrels of the emergency oil supply this week. The reasoning behind it is that the supplies were needed for a “tightening market” and “a gap in supplies.”
In reality, what Obama did was send a gigantic “Fuck You” to OPEC, the oil companies, and the Republicans.
Think about it; Saudi Arabia was in the process of releasing more oil, while back here in the states, off shore drilling permits are now handed out like misspelled protest signs at a Tea Bagger rally. The price of oil was already dropping, and this announcement made it drop further,to the tune of a whopping 5%!
I don’t give a shit if we needed the oil or not. By releasing the 30 million barrels, Obama seems have stuck both of his middle fingers in the air and proclaimed “Suck on this a while boys!” To make things worse, or better, depending what side of the political fence your on, the house Democrats seem to be holding their ground on tax breaks for the oil industry.
The bottom line is that the Republicans are continuously exposing themselves as the greedy buffoons they really are. Meanwhile, the Democrats may finally be in the early stages of growing some balls. Grab your popcorn folks; with the Dems extending a giant, oil covered middle finger, things just got a hell of a lot more interesting.
lol, yea… less than 1.5 days worth of USA consumption. That will scare OPEC, Oil Companies, and those pesky Republicrats!
Really dumb move if you ask me. Watch Gas prices in a few months after those scaredy cat OPEC morons get done with us…
LOL, didn’t say it was effective. I just think it’s funny that he’s flipping off the big oil dogs. I know the price drop is temporary.
On Fri Jun 24th, 2011 2:37 PM EDT
Gas just went down 25 cents a gallon where I live. Overnight.
It dropped quite a bit here too. We’re down to $3.49 a gallon.
Hm… I struggle a bit with this one…
Wouldn’t this just be to give away some leverage currently held by the government? Private money are sucking power everywhere, and by this – they just get relatively stronger the next round. Apparently there are some 700 million barrels in the supply, so plenty left – but the decision might fit into a larger pattern the last three years.. that of when meeting resistance, the president rather cuts of his own leg than confronting the real problems. Or doing small things with the symptoms – hoping the root causes will go away. Which at this point only makes the problems bigger and more difficult to fix. But i hope i’m wrong….
I don’t disagree with you, and you may be right in this instance as well. 30 million barrels is a drop in the hat. I truly believe that he is basically sending out a fuck you message, whether or not he’s cutting off his nose to spite his face. There’s no other logical reason, other than to show his ass to the Republicans and OPEC. Frankly, I don’t mind a little Democratic ass showing every now and then, as long as they keep it off of Twitter.
lol.. almost forgot that twitterstuff already..
..and it’s always a good day when oilpeople and moneyfascists get pissed off. Means something good has been done! And some tiny grain of fairness and justice is restored!
(as opposed to when the “business-community applauds” the WH. Then you KNOW we’re fucked…)