~ I JUST said that we are being played. My feeling was it was Obama for two reasons:
1. Deplete our reserve supply
2. Be a so-called hero for releasing our reserves, people want to jump on this to reduce what they pay at the pump? Be careful WHAT you wish for! This could prove to be a very bad move. A move that would be to this admin’s advantage.
Odd that the new COS ,Daley, said, “It’s something that only has been done on very rare occasions,” Mr. Daley said on “Meet the Press” on NBC, adding, “It’s something we’re considering.” There’s a bunch of factors that have to be looked at, and it is just not the price. Again, the uncertainty–I think there’s no one who doubts that the uncertainty in the Middle East right now has caused this tremendous increase in the last number of weeks. Again , talking out ‘both’ sides of their collective mouths. Big surprise.
Note that Since it was established after the 1973-74 OPEC oil embargo, it has been used in only a few emergencies, like the buildup to the first Persian Gulf War in 1991 and the aftermath of Hurricane Katrina in 2005. President Clinton released oil in 2000 when oil prices rose as a result of increasing tensions between Iraq and Kuwait, and Republicans charged that it was a ploy to help Vice President Al Gore’s presidential bid.
In an interview with former Clinton Labor Secretary Robert Reich on Monday’s CBS Early Show, co-host Erica Hill wondered if higher gas prices in the wake of Mideast unrest were the result of some sort of fraud: “We’ve seen prices skyrocket….Is the public right to feel taken advantage of in some ways here, or even scammed?”
Even the liberal Reich didn’t accept the premise: “Well look, a lot of this is supply and demand. The country can feel a certain sense of taken advantage of. But some of this is the demand that’s coming from China. I mean, you have developing nations all over the world….And their oil needs are very high. And so they are also putting pressure on oil prices. It’s not just the Middle East.”
Hill’s suggestion of some price-increasing conspiracy by oil companies mirrored NBC reporter Tom Costello, on Friday’s Today, alluding to the Watergate scandal as he spoke of Americans being “increasingly suspicious of the oil companies.”
NBC Reporter Taints Big Oil With Watergate Scandal
—> MRC article
Hill never identified Reich as liberal or even informed viewers that he served in Bill Clinton’s administration. She simply introduced him as an “economist and former U.S. Labor Secretary” and promoted his latest book: “…also the author of ‘Aftershock: The Next Economy and America’s Future.’” At the top of the show, fellow co-host Chris Wragge touted Reich as “one of the nation’s leading economists.”
Earlier in the interview, Reich warned of the damaging effect higher gas prices could have on the economy: “Americans are still trying to get out of the gravitational pull of the great recession….And so, the higher gas prices at the pump undoubtedly are going to be a blow. It’s not going to dramatically slow down the recovery. But it could definitely slow it down.” On Sunday’s Face the Nation, New York Times columnist Thomas Friedman actually called for taxes to keep gas at $4 per gallon indefinitely, even while acknowledging the economic damage it could do.
So friends, I warn that this is yet another political move for a president who has spent more time camPAINING since being elected and undermining our country. ~JP