On Thursday, June 23rd, Barack Obama announced that he was releasing 30 million barrels of oil over the next month, the largest-ever U.S. Strategic Petroleum Reserve release. What is the emergency, one might ask, since the oil will be taken out of the country’s emergency reserves?
”We are taking this action in response to the ongoing loss of crude oil due to supply disruptions in Libya and other countries and their impact on the global economic recovery.”
Ignoring the fact that the "disruptions" shouldn't really have been unexpected because they were caused by Nobel Peace Prize winner, Barack Obama, indiscriminately bombing Libya (killing 9 civilians including two babies in this one instance... that should help win "hearts and minds"), the other question is, "What global economic recovery?".
So, besides the official explanations, why, really, are they doing it?
There can only be two rational answers (not that anything government does is rational):
1. It is for political gain. Obama's poll numbers have been atrocious. He used the one card he had up his sleeve to bolster his numbers: the supposed killing of Osama bin Laden. He has never shown any photos and he said they threw the body in the ocean right after, so there will never be any proof of this even being reality. But even on the incredibly off-chance that it was real, Obama only got a short 5% boost from it and two months later he is right back to where he was.
The total amount of oil released from US supplies was 30 million barrels. The US, alone, uses nearly 20 million barrels of oil per day. So, this will be enough for 1.5 days. Barely a drop in the bucket, so to speak. But, maybe Obama's grasp of the oil market is the same as his grasp of the US Government debt statistics (ie. clueless).
Let's take a look at what effect 30 million barrels of oil will have on savings, at the pump. Since the announcement, the price of West Texas Intermediate Crude (WTIC) is down about $4.50.
A general rule of thumb is that for every change of $1 in a barrel of oil it affects the price at the pump by about $0.05-$0.15 per gallon. So, a $4.50 per barrel decrease will mean a $0.23-$0.67 decrease at the pump. But, the question is, for how long will this have an effect. As explained above, 30 million barrels is only 1.5 days worth - so this should only affect oil prices for... 1.5 days.
Oil prices were already way off their high, near $115 before the announcement was even made which begs the question, again, why do it? Some government officials have stated that these sort of plans take time so this has been in the works for a while... which makes sense. Government is always slow. But, still, release "emergency" oil reserves JUST to bring the price of gas down for a few days JUST for political gain? It seems awfully desperate. Like if you needed heat in your house because you are cold and your friend went to go chop some firewood - but it's been twenty minutes and he still isn't back, so you begin throwing all your furniture in the fireplace. It seems a bit of overkill.
So, what else could it be?
2. There is an "emergency" to come that we don't know about yet. Without question, the U.S. and NATO are escalating wars, riots and revolutions throughout the entire Middle Eastern and North Africa (MENA) region. We've already shown how the U.S. has been working for years to surround Iran and how they've had it in their plans to attack Iran since just days after 9/11.
Yes, it was love at first sight. Ros-Lehtinen was later heard to say, "He had me at 'bomb those sand-niggers'".
Besides Iran, there has been a lot of "chatter" on the internet lately - to use the US Government's own terminology - about "something being up".
NASA head Charles Bolden issued a statement just a few weeks ago through the NASA Headquarters of Emergency Operations advising employees and their families to prepare for unforeseen emergencies and/or disasters.
It's strange that it was NASA... perhaps this looming emergency has something to do with Extra Terrestrials!
But, with QE2 set to end in 3 days, the crisis is probably much closer to home. Perhaps another 9/11 style false flag attack... war... who knows. The U.S. Empire is in its death throes and it is liable to do anything to try to cling to any last vestige of power now in its final days.