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2003-08-13 Home Front

White House accused of stoking oil prices by filling reserve

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Posted by Steve 2003-08-13 4:27:35 PM|| || Front Page|| [6 views since 2007-05-07] Top

#1 Did Sen. Levin (D-Bushhater) have any comments when Clinton/Gore released oil from the SPR to get votes? Didn't think so

Posted by Frank G 2003-8-13 4:48:49 PM|| 2003-8-13 4:48:49 PM|| Front Page Top

#2 (D-Bushhater), now that's redundant...

Posted by Raj 2003-8-13 4:51:39 PM|| [http://angrycyclist.blogspot.com] 2003-8-13 4:51:39 PM|| Front Page Top

#3 Who to believe?

Oil prices fell today after Iraq began pumping crude to Turkey for export to world markets and news broke of an increase in U.S. crude inventories, easing concerns about tight supplies.

Crude oil for September delivery was down $1.07, or 3.4 percent, at $30.85 a barrel at the 2:30 p.m. close of floor trading on the New York Mercantile Exchange. If prices settle at this level it would be the lowest close since July 31 and biggest one-day decline since July 22. Oil is up 11 percent from a year ago.

Oil prices edged higher in early deals on Wednesday as traders nervously awaited another expected fall in already low levels of US gasoline stocks.

Posted by growler 2003-8-13 5:25:09 PM|| 2003-8-13 5:25:09 PM|| Front Page Top

#4 The Dems are continuously probing the armor of the present administration with daggers to find weaknesses to exploit. They do not want consensus, their whole effort is basically destruction, and defense be damned in the process. Given the potential increased instability of the middle ~~earth~~ east, the administration is being prudent. I would like to see the Bush administration addressing each one of these handwaving dagger exercises with reasoned, simple english statements showing why they are being prudent in their actions, and how this is done in the national interest. In other words Bush needs to demonstrate over and over again how these asshats are trying to damage the country with their political agenda. I would like to see some agressiveness. We, after all, are still at war.

Posted by Alaska Paul 2003-8-13 5:34:29 PM|| 2003-8-13 5:34:29 PM|| Front Page Top

#5 "Filling the reserve when oil prices are high, huh? Wonder if the administration is expecting an "interuption" in the supply of oil from, oh, I donât know, someplace with a lot of sand? "

In this context, note the report of a gun fight in Riyadh. And reports just in that Saudis are finding a huge network of al qaeeda cells across the country.
Either A. We are getting these results cause of pressure, and filling the reserve makes it easier to keep the pressure on
B. We're still not getting adequate results and are preparing to break with them
C. We're happy with the results, but are afraid the country is about to blow up.

Posted by liberalhawk 2003-8-13 5:38:13 PM|| 2003-8-13 5:38:13 PM|| Front Page Top

#6 Imagine how the Dems would screach if something happened to the oil supply and the SPR had not been filled.

Posted by Yank 2003-8-13 7:09:39 PM|| 2003-8-13 7:09:39 PM|| Front Page Top

#7 Precisely - It seems far too much is going on in Saudi to call it just a bit of police-work anymore. There are fights going on daily it seems.

Posted by buwaya 2003-8-13 7:48:58 PM|| 2003-8-13 7:48:58 PM|| Front Page Top

I have a comment of my own on this over on my weblog. Check here.

Personally, I think the people in question will be criticizing Bush for buying oil for the reserve, up until the day they're criticizing him for not having bought enough.

But by then it'll be too late to easily enlarge it.

Posted by Phil Fraering 2003-8-14 10:58:26 PM|| [http://thenostromo.com/pgf/weblog] 2003-8-14 10:58:26 PM|| Front Page Top

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