Just got the scoop from my guy who works at Bryan Mound (Strategic Petroleum Reserve). As you may know, the largest reserve site in the U.S. is located a few miles from where I work in Freeport. It holds 200+ million barrels of oil. They got a visitor from Washington D.C. authorizing the release of 80-90 million barrels across all 4 sites in the U.S. It will be sold to Exxon Mobil for the purpose of flooding the market to bring down gas prices (temporarily). Just in time for the election. The president can do this without Congress. What an advantage he has over other candidates. That's democracy for you. America will be duped once again by Obama the Great in thinking he rescued them from $4 gas. H/T Janice via DucSup
Wednesday, 16 May 2012
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