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Was releasing oil from the S Oil Reserve

By: tkc in ALEA | Recommend this post (0)
Fri, 24 Jun 11 3:46 AM | 60 view(s)
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a good or bad idea? Watching the political spin has been interesting, from both sides. What I haven't heard is the impact on oil speculators. It seems to me that it sent a strong message: if you want to speculate (not hedge) beware that if the reserve is tapped again, and you'll never know, then you'll lose. From that stand-point I like it. I think it will hamper speculation that prices will increase, thus assist the potential for price stability. Additionally, it will spur consumption.


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