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View Diary: President Obama to announce new oversight on oil manipulation and ask Congress to take action, too (72 comments)

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  •  Maybe he's keeping his powder dry (0+ / 0-)

    and going to do it this summer.  Though that would be risky, economy-wise.

    •  I think he needs to pull the trigger quickly (0+ / 0-)

      Latest economic numbers aren't looking so hot, and I think at least some of that can be tied directly to oil prices.  Releasing some of the SPR would be "optics only", though. There's no classic supply / demand issue right now; plenty of oil to be had.  Certainly, there's some degree of fear factor built into the market, but that's been there for awhile anyway.  Most of the recent price increase is simply speculation and market manipulation.

      Please Click here to help me get a round 2 Netroots Nation scholarship! Thanks!!

      by Richard Cranium on Tue Apr 17, 2012 at 10:05:10 AM PDT

      [ Parent ]

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