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| Celtic Radio Community > Politics & Current Events > Oil. Released From Strategic Reserve |
| Posted by: Patch 23-Jun-2011, 06:42 PM |
| Obama released 30 million barrels of oil from the nations "emergency" strategic reserve in hopes of driving the price of gasoline and other energy down. Since we are presently awash in oil and the demand is down, little price change is likely. Considering the glut of oil now in the country, in reality none will likely be released unless it is shipped to another country. If that happened his popularity would sink to unfathomable lows. Obviously he is desperate to salvage his falling poll numbers. Rising unemployment and other economic problems shoulder more responsibility for his declining popularity than gas prices! The more I observe the more I believe he will be a one term president. Slainte Patch |
| Posted by: Patch 02-Jul-2011, 10:04 AM |
| The price of gas fell briefly and is now back up to $3.67. It did not help much or for very long. Slainte, Patch |