Analyst: Tapping Oil Reserves Helped China More

[Canceled2]

More incompetence from the our Commander in Boob~

Not only are gas prices starting to creep up 12 days after President Obama tapped the U.S. Strategic Petroleum Reserve to relieve price pressure, but China and other foreign markets likely benefited more than American drivers, according to an analyst's blunt new report. [Strategic Oil Reserve Release Could Give Brief Economic Stimulus]

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[The Dude]

pure politics and repubs would be retarded if they don't beat him over the head area repeadely with this stick.

I remember when his numbers were hitting similar low's a year or so ago he started promising more domestic production. When he's in trouble he channel's Reagan, then he pusses out.

[Bonestorm]

More incompetence from the our Commander in Boob~

Not only are gas prices starting to creep up 12 days after President Obama tapped the U.S. Strategic Petroleum Reserve to relieve price pressure, but China and other foreign markets likely benefited more than American drivers, according to an analyst's blunt new report. [Strategic Oil Reserve Release Could Give Brief Economic Stimulus]

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Obama releasing oil from the strategic reserves was stupid, but criticizing the move because it "benefits China" is exponentially stupider.

It's akin to a left-winger opposing an increase in domestic oil production on the grounds that any increase in global oil supply attendant to a increase in US production would benefit China. Stupid.

[Canceled2]

Obama releasing oil from the strategic reserves was stupid, but criticizing the move because it "benefits China" is exponentially stupider.

It's akin to a left-winger opposing an increase in domestic oil production on the grounds that any increase in global oil supply attendant to a increase in US production would benefit China. Stupid.

With China owning most of our foreign debt it is not a stupid reaction to "look" at who actually benefited. Since oil is traded in US currency it is exponentially stupid to not see how that helped China and did nothing to help us. It is important, because it highlights the incompetency of this presidents knowledge, of how trade works. The president is an idiot in chief.

[Guns Guns Guns]

Did you whine when the Bushes (father and son) also tapped the SPR?

I'm guessing.....not.

[Lowaicue]

With China owning most of our foreign debt it is not a stupid reaction to "look" at who actually benefited. Since oil is traded in US currency it is exponentially stupid to not see how that helped China and did nothing to help us. It is important, because it highlights the incompetency of this presidents knowledge, of how trade works. The president is an idiot in chief.

You are yet to demonstrate expertise in the field of business and international trade yourself.

[Canceled2]

You are yet to demonstrate expertise in the field of business and international trade yourself.

I don't have to be an expert to understand basics Low. You have yet to demonstrate an understanding of much of anything except how to be a caustic asshole..but I digress, in that, you are an expert

[PostmodernProphet]

in my opinion they really fucked up the release........they announced it ahead of time and only sold 2 million barrels a day........they should have sold a half billion barrels at $100 a barrel the first day and bought them back at $80 the second.......

[Lowaicue]

I don't have to be an expert to understand basics Low. You have yet to demonstrate an understanding of much of anything except how to be a caustic asshole..but I digress, in that, you are an expert

It has taken a lifetime of study and practice. I'm glad you are able to recognise the results.
But it would be a boring world without us caustic arseholes. A bit like America, I guess, where no one is allowed to be a loser and a hug has become a common greeting.

[Canceled2]

It has taken a lifetime of study and practice. I'm glad you are able to recognise the results.
But it would be a boring world without us caustic arseholes. A bit like America, I guess, where no one is allowed to be a loser and a hug has become a common greeting.

I only hug those I know well- except for the goofy bliss ninnies, rarely do strangers hug one another in greeting in America. It has been American liberals who have made our society a PC zoo of intellectual insipidness where everyone's a winner and there are no losers.

[Lowaicue]

I only hug those I know well- except for the goofy bliss ninnies, rarely do strangers hug one another in greeting in America. It has been American liberals who have made our society a PC zoo of intellectual insipidness where everyone's a winner and there are no losers.

Seems cultural to me (strange word to use when talking of the US) not political.
I'm glad you are not a hugger. It means that should we ever meet we could simply nod in the general direction of the other and continue with our beer. I like that.

[Canceled2]

Seems cultural to me (strange word to use when talking of the US) not political.
I'm glad you are not a hugger. It means that should we ever meet we could simply nod in the general direction of the other and continue with our beer. I like that.

LOL...whatever Low~

[Minister of Truth]

Haha, the nod of greeting/approval is how I often roll in the bar.

[Cancel 2016.2]

With China owning most of our foreign debt it is not a stupid reaction to "look" at who actually benefited. Since oil is traded in US currency it is exponentially stupid to not see how that helped China and did nothing to help us. It is important, because it highlights the incompetency of this presidents knowledge, of how trade works. The president is an idiot in chief.

As Dung stated, it was stupid to release the oil. But bottom line, it didn't help ANYONE. The author of your piece is saying that because China is the #1 consumer (by about 0.1%) THAT is the reason it helped China more. It is a stupid argument.

[The Dude]

Word on the Street is Obama was trying to burn speculators which he might have.

Kinda retarded to artificially restrict supply of a key product then try to intervine in free markets.