Thursday, February 14, 2013

Never Use Oil Reserve to Cut Prices.


The oil reserve we have is expressly for emergencies, and never should be used to affect price movements. That’s because tapping it is useless in combating the OPEC monopoly which can adjust its supply to demand whenever it desires,

The best way for America to cut oil prices is to use its in-ground, natural oil and related energy supplies.

But its political influences prevent this. For political reasons and the fact that leftists have little knowledge of how the economic laws of supply and demand work.(See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)

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