Second Service

From : pj

Q: tbone wrote lol unless those reports were written today they really dont mean shit. if the supply is fine as you say why would the president be considering opening some of the national oil reserve a very small amount to help local refineries effected in the region. not to control gas prices which it will not do. if the price was purely based on people in the futures market speculating to drive the price up the possibility of the president opening up the reserves would cause the price to plummet and that didnt happen. no it wont. that was the dems stupid attempt to lower prices by releasing oil from the reserves a few years back. how much oil do you believe are in the reserves anyways bush has said he may approve releasing to help local refineries effected. not to try to lower prices by increasing supply. geez. perhaps you missed that hurricane yesterday and the damage it caused to some major supply lines. there are 954 platforms in the gulf coast region. 12 were shut down as of sunday afternoon. those 954 platforms account for 40% of the domestic oil output. the small amout from the closed platforms is what is to be replaced from the reserves to supply refineries that are otherwise uneffected by the hurricane. there is not enough in the reserves to plummet prices as you seem to believe. the gas price rises are because of the futures market. prices have risen rapidly since jan. 1 not just since the hurricane. during that time from jan.1 supplies and stocks have been steady. i would have thought you of all people would be spewing that the corporate run oil companies that make so many reps rich are to blame. oh ya that was last years rants. this year its high demand from greedy reps. .