Quote:
Originally Posted by Corona
LOL.
The US can't do shit about energy prices. They got us by the balls.
We have 2% of the reserves but use 25% of the worlds oil.
And as for the Strategic Petroleum Reserve, it only holds 727 million barrels of oil and we import a net of 12 million barrels of oil a day or a 58 day supply.
So we are not in a position to flood anything.
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Flooding the market with Strategic Petroleum Reserve is not meant to supply the world with oil.. Its meant to cause a disruption in the markets popping the speculation bubble.
Hell they don't even have to flood the market they can simply ban oil speculation or make it more expensive to do so.
I'm sorry but $10 per gallon gas before the end of the year.. there will be missles flying if that happens. I honestly can't see it.