Obama to release 30m barrels from Strategic Petroleum Reserve

Political calculation:

The Obama administration has decided to release 30 million barrels of oil from the U.S. Strategic Petroleum Reserve as part of a broader international effort to pump more 60 million barrels onto the world market over the next month.

U.S. Energy Secretary Steven Chu said the release of oil is a response to oil supply disruptions caused by turmoil in the Middle East and North Africa, including Libya.

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It’s finally dawned on The One, that rising energy prices tend to lower his own poll numbers. So President Skyrocketing Energy Costs is tossing himself under the bus.

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