Oil prices have been going down on their own, so why now?! The reporter read some unintelligible sentence about Lybian oil not making it to market due to the civil war over there... It still made no sense... Why now? Prices are down... But how could I forget, political season is now open and Obama is campaigning. That seems to give him the right to make all the boneheaded moves he can possibly come up with; and man, is he ever adept at that.
It really upsets me at a deep level when politicians touch the reserves for no good reason other than an ostensible political gain. That stockpile exists to be used in the case of some catastrophic event; and nothing mildly catastrophic is going on. Of course, given the state of the economy, Obama is looking at a possible loss of the presidency, so to him, that does constitute a catastrophe of such magnitude that, hey, he feels a need to release some emergency oil.
I know it is stupid on my part to want to hold on to some kind of value system. To me, this move of his devalues reality itself (as if the word even has the possibility of meaning in this day and age, especially when politics is concerned). But "reality" aside, this new boneheaded selfish move of his only serves to continue wrecking the markets, something he seems to have a great affinity for.
It's gonna be a long year...
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