The U.S. and Britain have agreed to the release of emergency oil suplies. Why now? There is talk of a China hard landing. Oil suppplies are abundant not withstanding the high prices. And there is not enough in the SPR to make a real long term difference in oil prices.
What do they know that we don't? I don't believe as some do that O'bama is stupid.
The wild card is Israel and Iran's nukes.
O'bama met with the Israeli leader Netanyahu last week.
If they wanted to get the price of oil going down as the Israeli's launched a strike it would make sense. At least they could be getting their ducks in a row in anticipation of an oil shock.
They may be concerned about supply and demand. In this case maybe it is supply!
Maybe........
Just thinking.
gh
@ 0919PST
this just in: The White House is denying any agreement regarding oil. They just ""Talk regularly".
I thought it was a good conspiracy theory.....
gh
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All comments are appreciated as it will give me a chance to adjust my content to any real people who may be out there. Thank you. gh