Obama Hinting At Possibly Considering Maybe Tapping Perhaps Into the Strategic Petroleum Reserve This Month or The Next Month Or Maybe Waiting Until Next Year Or After One More Poll

Link here.

Random comments, some mine, some from the link, regarding tapping the SRP:

• Tapping the SRP suggests a crisis; tapping the SRP to help the economy confirms economy is in crisis
• Administration confirming economy is in crisis, same as those polled who think US heading for another Great Depression -- "the only thing we have to fear is fear itself"
• 13 days for SRP oil to reach the market
• Americans know that the SRP would have to be refilled -- prices for oil would soar (can you spell "speculator"?) once "we" tap into the SRP
• The last barrel of oil determines the price of oil; even as US releases SRP oil, OPEC could decrease production
• All things being equal, tapping the SRP will not keep up with projected global growth and oil consumption
• What happens when SRP is tapped and price of oil goes up anyway (can you spell "speculator"?)
• Amount of oil tapped from SRP could probably be met by just fast-tracking oil permits
• I can think of few things more idiotic in the world of commodities and economics than tapping into a reserve meant for "emergencies" -- on second thought, I can't think of anything more idiotic