6/24 article at realclearpolitics.com by Larry Kudlow “Did the IEA Just Deliver a QE3 Quick Fix?”and the answer is Obama agreed (or suggested the plan?) to supply HALF of the quota of reserves….30 million bbls….from a US “strategic” Reserve for POLITICAL PURPOSES….there is currently a “glut” of crude on the market and the lowered exports of Libya were not causing “world economic collapse”!
the reserved oil is for extreme emergencies only and this is not appropriate and should be treated IMO as a violation of law.
6/24 article at realclearpolitics.com by Larry Kudlow “Did the IEA Just Deliver a QE3 Quick Fix?”and the answer is Obama agreed (or suggested the plan?) to supply HALF of the quota of reserves….30 million bbls….from a US “strategic” Reserve for POLITICAL PURPOSES….there is currently a “glut” of crude on the market and the lowered exports of Libya were not causing “world economic collapse”!
the reserved oil is for extreme emergencies only and this is not appropriate and should be treated IMO as a violation of law.