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Bush says will release reserve oil if firms ask

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DogPoundPup Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-03-08 08:28 PM
Original message
Bush says will release reserve oil if firms ask
Source: Energy Daily

Baton Rouge, Louisiana (AFP) Sept 3, 2008
US President George W. Bush said Wednesday that he would release oil from the US strategic reserve "upon requests" from companies in the wake of Hurricane Gustav.

"Last night we got a request from a company doing business here in Louisiana and we met that request. And so oil was released from the Strategic Petroleum Reserve. And we will continue to do that upon requests by companies," he said.
*NOTE-Complete article posted

Read more: http://www.energy-daily.com/reports/Bush_says_will_release_reserve_oil_if_firms_ask_999.html



Didn't lil bush absolutely refuse to release any oil from the reserves a pretty long while back? hmmmmmm

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GrantDem Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-03-08 08:29 PM
Response to Original message
1. Well, as long as it is up to Big Oil...
and not necessity and to ease hardship.
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-03-08 08:34 PM
Response to Original message
2. I saw that Shell asked for oil this morning
Then a few hours later the headline said "Gov will release oil from SPR if companies ask" then it continued that none had asked.

So Im thinking the Bush admin is saying they will for publicity, but they have no intention of actually doing it.
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bluesmail Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-03-08 08:38 PM
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3. His Legacy is of foremost concern...all of a sudden...n/t
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Mark E. Smith Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-03-08 08:53 PM
Response to Original message
4. Hunh. And who will these companies sell our reserves to?
The highest overseas bidder?
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George II Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-03-08 10:10 PM
Response to Original message
5. HAH!!! Oil company decision:
....release reserves, gasoline at $3.40 per gallon
....DON'T release reserves, gasoline goes to $4.50 per gallon.

Hmmmm, tough decision for oil execs, wouldn't you say?
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George II Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-03-08 10:11 PM
Response to Original message
6. HAH!!! Oil company decision:
....release reserves, gasoline at $3.40 per gallon
....DON'T release reserves, gasoline goes to $4.50 per gallon.

Hmmmm, tough decision for oil execs, wouldn't you say?
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Ian David Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-04-08 09:57 AM
Response to Original message
7. Well, I'm glad pResident Blowmonkey knows who's in charge. n/t
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AlphaCentauri Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-04-08 10:02 AM
Response to Original message
8. will that move lower the cost of gas before November?
just on time for the election
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