Sith_Mauler
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U.S., Britain to agree emergency oil stocks release
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(Reuters) - Britain has decided to cooperate with the United States in a bilateral agreement to release strategic oil stocks, two British sources said, in an effort to prevent high fuel prices derailing economic growth in a U.S. election year.
A formal request from the United States to the UK to join forces in a release of oil from government-controlled reserves is expected "shortly" following a meeting on Wednesday in Washington between President Barack Obama and Prime Minister David Cameron, who discussed the issue, one source said.
http://www.reuters.com/article/2012/03/15/us-oil-reserves-idUSBRE82E0UM20120315
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Cuttlery
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lol, poor republicans.
I believe I called this one yesterday.
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combat_mage_sc
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Sith_Mauler posted:
in a U.S. election year.
'nuff said
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Reapist
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Yep, they pretty much said it's because it's an election year. Any thinking person should see this as a bad mark for Obama.
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Cuttlery
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Reapist posted:
Yep, they pretty much said it's because it's an election year. Any thinking person should see this as a bad mark for Obama.
Explain to us why? I need a laugh.
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Reapist
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Think about it.
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jeune
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U.S., Britain to agree emergency oil stocks release
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Probably a good thing... oil speculators just driving up the price again. OPEC has increased their supply to cover anything from Iran so this is not a supply issue.
I think we should maybe start looking at ANWR as our emergency oil and use this to beat down the speculators who just leech a living off of the American people.
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Cuttlery
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I really want you to explain why its a negative, please. I really really need the laugh today, its been a long crappy morning.
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Dark_EternalFF
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Supply wasn't the issue to begin with, so I'm not sure how this is supposed to help. Oil prices are high because of Iran's saber-rattling and their oil export response to sanctions, and that doesn't even affect US oil inventories because we don't buy any fking oil from Iran to begin with. Gas prices have also been affected by regional issues, like the refinery fire here in WA.
I would be surprised to see a substantial drop in gas price from this.
As for Iran's saber-rattling, the only people that's affected are speculators, who are idiots. Iran doesn't have the capability to close the Strait, and even if they did, it would hurt them far more than anyone else, because that's how they export their own oil, too.
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Reapist
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I want you to think about it. So far you have failed.
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pkhere: Jebus sometimes you make my arse tired.
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Cuttlery
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Dark_EternalFF posted:
Supply wasn't the issue to begin with, so I'm not sure how this is supposed to help. Oil prices are high because of Iran's saber-rattling and their oil export response to sanctions, and that doesn't even affect US oil inventories because we don't buy any fking oil from Iran to begin with. Gas prices have also been affected by regional issues, like the refinery fire here in WA.
I would be surprised to see a substantial drop in gas price from this.
Its all about speculation and the oil companies driving up prices.
I want to hear reapists tale though, I need the funny today badly.
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JD_HOGG
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LOL OFN, White house says that claim is a bunch of crap, they never agreed to do anything.
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Cuttlery
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Reapist posted:
I want you to think about it. So far you have failed.
I know why oil prices are high, I know it has nothing to do with Obama, I just want to hear why you think this is a negative on him. I really really need to laugh.
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Reapist
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Cutt, when you agree you can't think for yourself I will explain it. It's really simple. Maybe too simple for you.
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pkhere: Jebus sometimes you make my arse tired.
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Cuttlery
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Reapist posted:
Cutt, when you agree you can't think for yourself I will explain it. It's really simple. Maybe too simple for you.
I work in this industry, so I know exactly why the prices are the way they are. Try again though, I am starting to giggle, keep going.
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Reapist
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You fail at comprehension. I did not ever address why prices are the way they are. I too understand that. But hey, you sound like a substitute teacher that knows more than everyone else because of his job. No one outside your industry could ever see things as clearly as you do.
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pkhere: Jebus sometimes you make my arse tired.
Referring to illegal aliens as 'immigrants' is the same as referring to shoplifters as 'shoppers' - Dorvinion
I'd feel bad for Satriani but he got himself into it. - allmightybob_MLF
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Cuttlery
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Reapist posted:
You fail at comprehension. I did not ever address why prices are the way they are. I too understand that. But hey, you sound like a substitute teacher that knows more than everyone else because of his job. No one outside your industry could ever see things as clearly as you do.
And you stated this would be a negative on Obama, which is what I want you to explain why so I can laugh. Reading comprehesion is failing?
Please tell us why this is a negative on Obama
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JD_HOGG
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LOL YOU BOTH ARE WRONG FALSE RUMOR IS FALSE but you still argue over semantics.
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Reapist
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OK, for you non thinkers:
Britain has decided to cooperate with the United States in a bilateral agreement to release strategic oil stocks, two British sources said, in an effort to prevent high fuel prices derailing economic growth in a U.S. election year.
So, if they can make this a year in which more people are happy because economic growth was not derailed the voters should be happier with the president and want to reelect him. Now when they say because it's an election year, voters should be smart enough to realize Obama would not seek this effort to help us be happy.
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Referring to illegal aliens as 'immigrants' is the same as referring to shoplifters as 'shoppers' - Dorvinion
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Reapist
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JD_HOGG posted:
LOL YOU BOTH ARE WRONG FALSE RUMOR IS FALSE but you still argue over semantics.
I know it's false. I do not expect it to help the situation. But, perception is more important tan reality.
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pkhere: Jebus sometimes you make my arse tired.
Referring to illegal aliens as 'immigrants' is the same as referring to shoplifters as 'shoppers' - Dorvinion
I'd feel bad for Satriani but he got himself into it. - allmightybob_MLF
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Cuttlery
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Reapist posted:
OK, for you non thinkers:
Britain has decided to cooperate with the United States in a bilateral agreement to release strategic oil stocks, two British sources said, in an effort to prevent high fuel prices derailing economic growth in a U.S. election year.
So, if they can make this a year in which more people are happy because economic growth was not derailed the voters should be happier with the president and want to reelect him. Now when they say because it's an election year, voters should be smart enough to realize Obama would not seek this effort to help us be happy.
And you believe (obviously since you think this is a negative on Obama ) that voters will pay attention to the election year thing and blame Obama for their lower gas prices as opposed to not paying any damn attention to the election year and just caring that gas prices are lower.
Please go on, this is getting good, enjoying myself.
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Reapist
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Well, only the thinking people. But I think I already said that. I get pissed when people try to help me for their own benefit but act like it's for me. Maybe you don't.
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pkhere: Jebus sometimes you make my arse tired.
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Bat_Avenger
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Obama - cares for the American people when there is something to be gained personally for him.
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jonus156
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Bat_Avenger posted:
politicians - cares for the American people when there is something to be gained personally for him.
FTFY
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Reapist
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Bat_Avenger posted:
Obama - cares for the American people when there is something to be gained personally for him.
Exactly, but the finance wizard can't see this.
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combat_mage_sc
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There must me something in the water in the midwest.
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Reapist
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I doubt it. Tessa doesn't come across like Cutt does.
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Caledric
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Bat_Avenger posted:
Romney - cares for the American people when there is something to be gained personally for him.
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Bat_Avenger
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Caledric posted:
Bat_Avenger posted:
Romney - cares for the American people when there is something to be gained personally for him.
good thing he is not the current president.
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Cuttlery
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Reapist posted:
Well, only the thinking people. But I think I already said that. I get pissed when people try to help me for their own benefit but act like it's for me. Maybe you don't.
We arent talking about you, or me. We are talking about how this will negatively impact Obama, please keep telling us more about how thats going to happen. Basically what we've got so far is that you think most people will see through this as an election ploy (hilarity) and what else. Please keep going I needs the funnay today.
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you two should just bone each other and get it over with
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JD_HOGG
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People are seeing thru this ploy already. I see riots in the bulletin boards everywhere. PEOPLE R POASTING BAD THINGS NOT ABOUT OBAMA BUT ABOUT CUTT!!!!!!!
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He has rough hands.
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combat_mage_sc
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Cuttlery posted:
Reapist posted:
Cutt, when you agree you can't think for yourself I will explain it. It's really simple. Maybe too simple for you.
I work in this industry, so I know exactly why the prices are the way they are. Try again though, I am starting to giggle, keep going.
I thought you sold life insurance or something? How exactly are you in the oil industry?
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Cuttlery
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combat_mage_sc posted:
I thought you sold life insurance or something? How exactly are you in the oil industry?
Work for a brokerage firm, not in the oil industry. Oil prices have more to do with speculation in brokerages than stock piles in the oil industry.
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Reapist
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WOW Cutt, are you really that dense? He does something that people see as being done for his own purposes and you don't see how that's a negative for him? You truly are all of the things I cannot say here.
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TickyAtack
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Reapist posted:
WOW Cutt, are you really that dense? He does something that people see as being done for his own purposes and you don't see how that's a negative for him? You truly are all of the things I cannot say here.
Not everybody is going to read that article or hear anything about this. They're gonna see gas prices.
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Reapist
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If the prices actually change. I'm not convinced they will. A lot of people that are invested in oil and have control of prices are willing to use any plausible excuse to raise prices. And this isn't the first time reserves have been used. As I recall Bush did the same. I really think they need to expand the drilling in Alaska. It seems like they're saving it for some unseen future date. But at the same time they need to continue to work on alternative fuels.
But you're right, many won't read the article.
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Motar98
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didn't obama release the oil reserves last year too? just not with britain
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Reapist
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U.S., Britain to agree emergency oil stocks release
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I do not know Motar, maybe.
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pkhere: Jebus sometimes you make my arse tired.
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Cuttlery
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U.S., Britain to agree emergency oil stocks release
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TickyAtack posted:
Reapist posted:
WOW Cutt, are you really that dense? He does something that people see as being done for his own purposes and you don't see how that's a negative for him? You truly are all of the things I cannot say here.
Not everybody is going to read that article or hear anything about this. They're gonna see gas prices.
Reapist doesnt seem to understand this. He also seems to think that anyone in their right mind would think negatively of Obama for doing this regardless. Anyone with 2 braincells to rub together could figure out that any politician would do this if they could and wouldnt bother thinking anything of them one way or the other.
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Reapist
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U.S., Britain to agree emergency oil stocks release
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Cutt, you're just buttsore when someone talks bad about your man.
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pkhere: Jebus sometimes you make my arse tired.
Referring to illegal aliens as 'immigrants' is the same as referring to shoplifters as 'shoppers' - Dorvinion
I'd feel bad for Satriani but he got himself into it. - allmightybob_MLF
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Cuttlery
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U.S., Britain to agree emergency oil stocks release
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Reapist posted:
Cutt, you're just buttsore when someone talks bad about your man.
You obviously havent been paying attention to the political scene for the last dozen years either. Didnt vote for Obama (or Bush) and wont this run either (or Romney).
Are you telling me that you believe that EVERY politician wouldnt do this? Please say thats accurate, I still need the laughs.
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Reapist
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U.S., Britain to agree emergency oil stocks release
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I pretty much ignore political discussions, but it's obvious you love the guy.
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pkhere: Jebus sometimes you make my arse tired.
Referring to illegal aliens as 'immigrants' is the same as referring to shoplifters as 'shoppers' - Dorvinion
I'd feel bad for Satriani but he got himself into it. - allmightybob_MLF
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Bat_Avenger
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U.S., Britain to agree emergency oil stocks release
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Motar98 posted:
didn't obama release the oil reserves last year too? just not with britain
yes he did ... and like last time it will lower the price .. just long enough to get reelected.
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Gildash
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U.S., Britain to agree emergency oil stocks release
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I just want gas prices to go down...
I don't care why....and i almost don't care how...
FIGURE IT OUT F***ERS>
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combat_mage_sc
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U.S., Britain to agree emergency oil stocks release
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Cuttlery posted:
Reapist posted:
Cutt, you're just buttsore when someone talks bad about your man.
You obviously havent been paying attention to the political scene for the last dozen years either. Didnt vote for Obama (or Bush) and wont this run either (or Romney).
I knew you where a closet Ron Paul supporter.
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Itab
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U.S., Britain to agree emergency oil stocks release
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Reap totally trolled Cutt. It was amazing 
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-Mithan-
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Subject:
U.S., Britain to agree emergency oil stocks release
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Sith_Mauler posted:
(Reuters) - Britain has decided to cooperate with the United States in a bilateral agreement to release strategic oil stocks, two British sources said, in an effort to prevent high fuel prices derailing economic growth in a U.S. election year.
A formal request from the United States to the UK to join forces in a release of oil from government-controlled reserves is expected "shortly" following a meeting on Wednesday in Washington between President Barack Obama and Prime Minister David Cameron, who discussed the issue, one source said.
http://www.reuters.com/article/2012/03/15/us-oil-reserves-idUSBR E82E0UM20120315
It wont do much IMO, just because the oil companies can hold out longer than the governments can.
However, as far as signals go, it sends out a big signal to the markets.
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