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Oil Stockpiles Likely to Remain Untapped for Now

The Wall Street Journal -- Prospects have dimmed that major oil consumers in Europe, the U.S. and Asia will drive down prices this summer by collectively making a large injection into the market from emergency oil stockpiles.

Such action, coordinated by the International Energy Agency, looked to be gathering momentum just a month ago following comments from the U.S., U.K. and French government officials. But it has lost some of its political traction and much of its justification, given that supply is up and prices are down without any moves by western governments.

Analysts at the IEA are more confident of adequate oil supply later this year after months of high crude production from Saudi Arabia that will offset any cut in Iranian exports because of the sanctions.

Politically, the odds of IEA action are likely


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Submitted Apr 30, 2012 By: angel4me
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil Stockpiles Likely to Remain Untapped for Now Back to Topics
REPLIES (newest first) Post a Reply
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gavinON
All-Star Author Toronto

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Message Posted: Apr 30, 2012 1:48:37 PM

hmmm
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FuelGrinch
Veteran Author Kansas

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Message Posted: Apr 30, 2012 1:46:06 PM

Some stories say $4 to %5 by this summer. Now this story says they are going to push prices down. Don't know who to beleive now days. Good luck to pushing prices down.....if you can!
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iamforiu
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Message Posted: Apr 30, 2012 1:44:52 PM

good
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Holly123
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Message Posted: Apr 30, 2012 1:43:22 PM

Thanks.
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nimpy
Champion Author Indianapolis

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Message Posted: Apr 30, 2012 1:41:59 PM

It really doesn't help reduce the price at all
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ctcowboy
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Message Posted: Apr 30, 2012 1:40:47 PM

ok
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Z51Corvette
Champion Author Austin

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Message Posted: Apr 30, 2012 1:39:26 PM

Too many agencies.... cut the bureaucracy and improve the efficiency and price comes, DOWN!!!
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BobbyVA
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Message Posted: Apr 30, 2012 1:37:36 PM

This idea was pushed by the liberal Obama Dems and it didn't make any difference except for four days oil came down sightly. Our Strategic Oil Reserves are for national emergencies, not high priced fuel.
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nemoFL
Champion Author Florida

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Message Posted: Apr 30, 2012 1:34:16 PM

thats good isnt it
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streetcars
Champion Author Toledo

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Message Posted: Apr 30, 2012 1:32:35 PM

Not enough storage in the US market to hold what is in the "pipeline" now.
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greshams
Champion Author Cincinnati

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Message Posted: Apr 30, 2012 1:31:22 PM

they just want gas to be $4.00 a gal.
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carefrey
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Message Posted: Apr 30, 2012 1:28:18 PM

Why?????
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DancingDee
Champion Author Gary

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Message Posted: Apr 30, 2012 1:27:36 PM

That's too bad.
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Bonanza
Champion Author Boston

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Message Posted: Apr 30, 2012 1:27:04 PM

Supply seems to have no effect on pricing
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marlita
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Message Posted: Apr 30, 2012 1:25:30 PM

I just don't get it we are wasting oil by letting it just sit in stockpiles while people are paying sky high prices for gas what is wrong with this picture.
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SUSANCK
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Message Posted: Apr 30, 2012 1:24:52 PM

Not if obummer wants to get re-elected!
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SavinOnFuel
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Message Posted: Apr 30, 2012 1:22:38 PM

I'll wait and see
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MrLuigi
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Message Posted: Apr 30, 2012 1:20:04 PM

Pete12's got it right!
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Kaiyne
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Message Posted: Apr 30, 2012 1:18:41 PM

Good.
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07skydriver
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Message Posted: Apr 30, 2012 1:18:28 PM

Just stay home.
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vincentV
All-Star Author Toronto

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Message Posted: Apr 30, 2012 1:18:25 PM

wow
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Pete12
Champion Author Albany

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Message Posted: Apr 30, 2012 1:17:46 PM

Now if they would refine more gas maybe we could bring the excess supply of oil down a bit and lower gas prices at the same time.
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29louieson
Veteran Author Phoenix

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Message Posted: Apr 30, 2012 1:17:00 PM

Obviously the price AIN'T high enough !
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tex_mex13
All-Star Author Austin

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Message Posted: Apr 30, 2012 1:16:27 PM

Save it for later !
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armey
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Message Posted: Apr 30, 2012 1:16:22 PM

Thats not good!
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CPGas1815
Champion Author Michigan

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Message Posted: Apr 30, 2012 1:15:21 PM

So when are we going to see affordable gas prices?
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marinedad1949
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Message Posted: Apr 30, 2012 1:15:10 PM

Less talk and more action is needed!
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JENNYHK
Champion Author Chicago

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Message Posted: Apr 30, 2012 1:14:00 PM

Can't touch this.
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BrizzyRyan
Rookie Author Winnipeg

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Message Posted: Apr 30, 2012 1:11:31 PM

ya
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caddilac
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Message Posted: Apr 30, 2012 1:11:04 PM


Yawn.
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EmperorsFinest
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Message Posted: Apr 30, 2012 1:08:15 PM

Be prepared.
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MJIOWA
Champion Author Iowa

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Message Posted: Apr 30, 2012 1:03:29 PM

very smart
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FOURXFOUR
Champion Author Boston

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Message Posted: Apr 30, 2012 1:02:45 PM

They need the reserve just to power obama's re-election aircraft (AF-1), oh wait those trips are for national security...wink-wink...
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RAKARWOWSKI
Champion Author Chicago

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Message Posted: Apr 30, 2012 1:02:06 PM

Now more than ever.
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byoftDad
Champion Author Columbus

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Message Posted: Apr 30, 2012 12:59:17 PM

Good, the reserve should be for a military use only.
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speedys
Champion Author Utah

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Message Posted: Apr 30, 2012 12:54:48 PM

We have oil we just need more refineres and less speculators.
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putz247
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Message Posted: Apr 30, 2012 12:53:53 PM

ugh
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grammamNV
Champion Author Nevada

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Message Posted: Apr 30, 2012 12:52:02 PM

ok then
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032946
Champion Author Twin Cities

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Message Posted: Apr 30, 2012 12:51:59 PM

With demand down that is a no Brainer!!
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BigBob12345
Champion Author Gasbuddy

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Message Posted: Apr 30, 2012 12:47:41 PM

so it goes
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liz72601
Rookie Author Arkansas

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Message Posted: Apr 30, 2012 12:37:22 PM

so we suffer more
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jimbo1867
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Message Posted: Apr 30, 2012 12:32:06 PM

lol dougtaylor1
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Babe4
Champion Author Flint

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Message Posted: Apr 30, 2012 12:28:35 PM


Good one, dougtaylor1
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dougtaylor1
Champion Author Phoenix

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Message Posted: Apr 30, 2012 12:26:09 PM

Liar, liar, pants on fire. How do you tell if obumer is lying. his lips are moving.
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HockeyLady
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Message Posted: Apr 30, 2012 12:24:18 PM

good
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RAC110
Champion Author Massachusetts

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Message Posted: Apr 30, 2012 12:23:26 PM

all of the news about great amounts of oil and plenty of ways to get it should be getting lower prices for the oil
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OKRifle
Champion Author Oklahoma City

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Message Posted: Apr 30, 2012 12:22:54 PM

Don't need to!
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Mowerman08
Champion Author Milwaukee

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Message Posted: Apr 30, 2012 12:22:37 PM

at least until it can be loaded on a tanker for export
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humblepie
Champion Author Toledo

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Message Posted: Apr 30, 2012 12:21:39 PM

just more liberal stupidity
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Tomeboy
Champion Author Twin Cities

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Message Posted: Apr 30, 2012 12:13:28 PM


Algernon... you must have forgot to read the General Forum Guidelines.

From GasBuddy.com General Forum Guidelines
--------------------------------------------
It states: In an effort to keep political discussions separate from other discussion, please post your messages in the US Politics forum, or the Canada Politics forum.



[Edited by: Tomeboy at 4/30/2012 3:14:13 PM EST]
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downstream
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Message Posted: Apr 30, 2012 12:12:36 PM

yeah lsu, obama... want a cookie?
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LSU_TIGERS_dmb
Champion Author Louisiana

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Message Posted: Apr 30, 2012 12:10:38 PM

Obama will do anything to fool the people in the US so he can get in for another 4 years. DON't buy into his BS..

VOTE HIM OUT IN November.. Time for a new president in the WH
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