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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
FuelGrinch
Veteran Author Kansas

Posts:274
Points:59,515
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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!
iamforiu
Champion Author Indiana

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Message Posted: Apr 30, 2012 1:44:52 PM

good
Holly123
Champion Author Charlotte

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

Thanks.
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
ctcowboy
Veteran Author Connecticut

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Message Posted: Apr 30, 2012 1:40:47 PM

ok
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!!!
BobbyVA
Champion Author Virginia Beach

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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.
nemoFL
Champion Author Florida

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

thats good isnt it
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.
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.
carefrey
Champion Author Orlando

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Message Posted: Apr 30, 2012 1:28:18 PM

Why?????
DancingDee
Champion Author Gary

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

That's too bad.
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
marlita
Champion Author Dayton

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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.
SUSANCK
Champion Author Chicago

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Message Posted: Apr 30, 2012 1:24:52 PM

Not if obummer wants to get re-elected!
SavinOnFuel
Champion Author Gary

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Message Posted: Apr 30, 2012 1:22:38 PM

I'll wait and see
MrLuigi
Champion Author Massachusetts

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Message Posted: Apr 30, 2012 1:20:04 PM

Pete12's got it right!
Kaiyne
Champion Author Chicago

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Message Posted: Apr 30, 2012 1:18:41 PM

Good.
07skydriver
Champion Author Ohio

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Message Posted: Apr 30, 2012 1:18:28 PM

Just stay home.
vincentV
All-Star Author Toronto

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

wow
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.
29louieson
Veteran Author Phoenix

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

Obviously the price AIN'T high enough !
tex_mex13
Champion Author Austin

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

Save it for later !
armey
Champion Author Oregon

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Message Posted: Apr 30, 2012 1:16:22 PM

Thats not good!
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?
marinedad1949
Champion Author Lancaster

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Message Posted: Apr 30, 2012 1:15:10 PM

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

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

Can't touch this.
BrizzyRyan
Rookie Author Winnipeg

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

ya
caddilac
Champion Author Ontario

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


Yawn.
EmperorsFinest
Champion Author Chicago

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Message Posted: Apr 30, 2012 1:08:15 PM

Be prepared.
MJIOWA
Champion Author Iowa

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

very smart
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...
RAKARWOWSKI
Champion Author Chicago

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

Now more than ever.
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.
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.
putz247
Champion Author Ohio

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Message Posted: Apr 30, 2012 12:53:53 PM

ugh
grammamNV
Champion Author Nevada

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

ok then
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!!
BigBob12345
Champion Author Gasbuddy

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

so it goes
liz72601
Rookie Author Arkansas

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

so we suffer more
jimbo1867
Champion Author Arizona

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Message Posted: Apr 30, 2012 12:32:06 PM

lol dougtaylor1
Babe4
Champion Author Flint

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


Good one, dougtaylor1
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.
HockeyLady
Champion Author New Jersey

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Message Posted: Apr 30, 2012 12:24:18 PM

good
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
OKRifle
Champion Author Oklahoma City

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

Don't need to!
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
humblepie
Champion Author Toledo

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

just more liberal stupidity
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]
downstream
Champion Author Little Rock

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Message Posted: Apr 30, 2012 12:12:36 PM

yeah lsu, obama... want a cookie?
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
deaconjones
Champion Author Cleveland

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Points:425,780
Joined:May 2006
Message Posted: Apr 30, 2012 12:09:12 PM

GOOD IDEA.....
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