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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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    JVolvo

    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-)

      http://articles.latimes.com/...

      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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