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View Diary: About those "offshore tankers" that Koch Industries use to "to cash in" when the Price is Right (133 comments)

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  •  tvanel - we use nearly 20 million barrels a DAY (1+ / 0-)
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    I don't think that releasing a few million barrels from the strategic reserve would have any impact on the current market. Rather than two million barrels I would think that to have even a modest impact it would require releasing something like 100 million barrels, at a minimum.

    "let's talk about that"

    by VClib on Mon Mar 05, 2012 at 07:46:32 AM PST

    [ Parent ]

    •  He did it once... (0+ / 0-)

      WASHINGTON -- The Obama administration announced Thursday that it planned to release 30 million barrels of oil from the Strategic Petroleum Reserve, as part of a coordinated international effort to drive down high crude prices and revive the flagging economic recovery in the world's most industrialized countries

      Clinton did it as well...if he gets other nations to join, prices would plunge.

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