The Strategic Petroleum Reserve Is an Obama '12 Reelection Asset

The American economy, the one that even Democrats admit Obama now owns, is hurtling towards a near depression so fast that the administration will exploit any asset, and embrace any ploy, however desperate, in the hopes the economy will resurrect itself and reflate Obama's plummeting poll numbers at the same time. The target of choice this week was the Strategic Petroleum Reserve (SPR), an asset supposedly available only for national emergencies.  Obama's incompetent Energy Secretary (and fellow Nobelist) Steven Chu announced the release of 30 million barrels of crude over the next month from the Strategic Petroleum Reserve, this way: We are taking this action in response to the ongoing loss of crude oil due to supply disruptions in Libya and other countries and their impact on the global economic recovery. Just like Obama's war in Libya, the release of from the SPR is part of a concerted international effort, with other countries contributing a matching 30 million...(Read Full Article)