just found a couple of videos at Max Keiser's site about the possibility that the US may tap into the Strategic Petroleum Reserve (SPR). Max talks in the videos with Michael Krieger. Hope you enjoy what they say:
I am not sure that is much of a solution. We will then need to replace the oil at higher prices.
Precisely, in my opinion that shows the level of desperation currently.
Hey guys been lurking on this for a while now first post. I'd like to do a small investment around 1K in oil for a quick turnaround month or so. Its gone up 5 bucks already since the fiasco suicide dump. Anything under 100 is a bargain in my book. Any ideas? Thanks.