I sent this link to a friend of mine who is not a TDR member...
I'm posting his reply here. I felt like plagiarizing, in fact he gave me permission, but I can't come up with stuff like this:
This stuff always cracks me up. Fuel here is sooooo cheap compared to just
about every other country, as you point out!
You should remind Hercules130 that Clinton released reserves one time only, at least to the best of my
knowledge, and that was right before the 2000 election. Hmmm... why would
he do that? Could it be that Gore was in a tight race and people were
*****ing that the Clinton-Gore administration wasn't doing enough about gas
prices?
I would then add that when Bush was in a similar position, in a very
tight race against Kerry, he not only refused to release oil from the
reserves - he kept filling them, thus risking his own re-election.
Talk about putting principles above politics - Bush knows we are in a war, he
knows that things could get messy with Iran (the world's third largest oil
producer, I think), and he ain't taking any chances with those reserves.
Of course, [Bush Haters] will then say he did it because he makes money when
oil prices rise. Errr... how? What exactly does he or Cheney own that will
benefit from high oil prices? Last I checked, they divested themselves of these holdings when they were elected, if not long before that.
In fact, is there anyone in the Bush family still in the oil business? I'm not sure, but
I can't think of anyone. And if his motives are to help his cronies, you
know, because everything he does is "pro-Big-Business," then tell me why he
would start a war to benefit a sector that is only 8% of the market cap of
the S&P 500 index of America's 500 biggest public companies?
As far as I can tell, high oil prices are hurting the other 92% of "Big Businesses" that
depend on planes, cars, and trucks to get their products and people from
point A to point B. But you never hear the Bush-haters bring that up.
By the way, "Tim" (who posted right after you), says that "Most of the oil
consumed in this country doesn't even come from the middle east. "
Tell him that is irrelevant. It is a fungible commodity in a global market. It
doesn't matter where it comes from. Would it matter to the price of gold if
most of the gold used for jewelry in this country came from South Africa
instead of Canada? Of course not. There is only one price for gold based on
a global market.