Tilted Forum Project Discussion Community - View Single Post - What else can the President do to lower gas prices?

aceventura3 · 06-28-2011, 09:54 AM

So, Pres. Obama is releasing 30 million barrels of oil from the strategic reserves. He has not given a clear explanation on why he is doing it now rather than when the price of oil was about 30% higher.

I also thought most people felt that the price spike was due to speculators and not supply.

I thought that higher oil prices would help the fledgling hybrid auto market, specifically Government Motors or GM.

I though that since drilling on our own shore wont make a difference, releasing oil from our strategic reserves would not make a difference.

So, as usual I am at a loss here and I can only assume Obama's motivations are purely political - what a shame!

06-28-2011, 09:54 AM	#50 (permalink)
aceventura3 Junkie Location: Ventura County	So, Pres. Obama is releasing 30 million barrels of oil from the strategic reserves. He has not given a clear explanation on why he is doing it now rather than when the price of oil was about 30% higher. I also thought most people felt that the price spike was due to speculators and not supply. I thought that higher oil prices would help the fledgling hybrid auto market, specifically Government Motors or GM. I though that since drilling on our own shore wont make a difference, releasing oil from our strategic reserves would not make a difference. So, as usual I am at a loss here and I can only assume Obama's motivations are purely political - what a shame! __________________ "Democracy is two wolves and a sheep voting on lunch." "It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion." "If you live among wolves you have to act like one." "A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."