Oil Plunges on Planned Release from Stockpiles

What? Last I checked, our floating refueling bases were called ships.

Just because I spent 6 months on this one.

For some reason I don't think that will work with an aircraft Neptune. I don't think an S-3 carries enough gas for a B-2 Spirit or a squadron of F117 Nighthawks - but I could be wrong on that. :thumbsup:

PrintSmith wrote: For some reason I don't think that will work with an aircraft Neptune. I don't think an S-3 carries enough gas for a B-2 Spirit or a squadron of F117 Nighthawks - but I could be wrong on that. :thumbsup:

What? That is an AOR. It packs at least a couple of hundred thousand gallons of av gas.

Joe wrote: Interesting gamble by the Gutsy Obama. Kind of a slap to OPEC for not increasing supplies last meeting. Of course OPEC could get ticked off, call the bluff, and cut back and wait us out. It will be an interesting summer. I predict a short term drop to 80s, then right back up again gradually to 100 in a month or so. It is 91.77 per Yahooooo Finance now.

Oil is 95.15 today, up another+2, climbing steady again. Guess that didn't work. RELEASE some more oil, we want cheap gas!

The Strategic Oil Reserve was intended to be used in the event of a disruption of our oil supply, not high gas prices. In the meantime, just tell yourself you're getting a bargain compared to other countries. $3.50 for a gallon of anything is cheap.

Remember how 4 very long days ago, the 60 million barrel SPR release was vaunted as being the reason for the second consumer renaissance after it was largely expected it would lead to sub $90 crude, and low $3/gallon gas, and result in every Joe Sixpack going out and buying 3 houses at least? Well, so much for that: the IEA’s action has now been fully priced in and WTI is back to precisely where it was before the IEA announcement

http://weaselzippers.us/2011/06/28/the- ... nt-levels/