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MindMover

(5,016 posts) Wed Mar 28, 2012, 05:19 PM Mar 2012

US, UK and France consider oil release to curb fuel prices

Source: The Telegraph

France is in talks with the United States and Britain on a possible release of strategic oil stocks to push fuel prices lower, French ministers said on Wednesday, four weeks before the country's presidential election.

Earlier in March, British sources said London was prepared to cooperate with Washington on a release of strategic oil stocks that was expected within months, in a bid to prevent fuel prices choking economic growth in what is also a US election year.

France's Energy Minister Eric Besson told journalists after the weekly ministers' meeting that the United States had asked France to join it in a possible emergency inventory release.

Such a release could happen "in a matter of weeks", Le Monde daily said on Wednesday, citing presidential sources.

Read more: http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/9171572/US-UK-and-France-consider-oil-release-to-curb-fuel-prices.html

Well, some cooperation on oil.....hmmmm....

3 replies

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US, UK and France consider oil release to curb fuel prices (Original Post) MindMover Mar 2012 OP

Last week's road trip's observation anti-alec Mar 2012 #1

Hope this puts the fear of Dog in speculators Cirque du So-What Mar 2012 #2

Speculators need screwing. safeinOhio Mar 2012 #3

anti-alec

(420 posts)

1. Last week's road trip's observation

Reply to MindMover (Original post)

Wed Mar 28, 2012, 05:25 PM

Mar 2012

Denver, CO (at the start) $3.39
North Platte, NE - $3.89
Council Bluffs, IA - $3.93
Williamsburg, IA - $3.95
Chicago, IL - $4.29
Aurora, IL - $4.29
St. Louis, MO - $3.95
Kansas City, KS - $3.93
Ellis, KS - $3.85
Strasbourg, CO - $3.65
Denver, CO - $3.47

This are all regular (not plus or premium) gas fuel price on my trip.

I have the receipts, and it almost cost us $400. For 3 people, no limit on weight or how much baggage we can carry...

(Not including hotels, food, etc - that is a seperate expense)

Cirque du So-What

(25,999 posts)

2. Hope this puts the fear of Dog in speculators

Reply to MindMover (Original post)

Wed Mar 28, 2012, 05:29 PM

Mar 2012

If this proceeds, I think the price of crude would take a tumble.

safeinOhio

(32,733 posts)

3. Speculators need screwing.

Reply to Cirque du So-What (Reply #2)

Wed Mar 28, 2012, 05:50 PM

Mar 2012

release a bunch of oil. When the price drops twenty bucks, buy it back and the government can make a ton of cash. Meanwhile the speculators learn to fear the market and the price stays down. Do it once or twice and we'd have a game change.

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