Between this action and the 30,000 troops being withdrawn in Afghanistan, it is only too obvious that the commander-in-thief is being driven by the polls. The administration has been worthless on the economy, international policy and now endanger our petroleum reserves for some political leverage.
From Fox Business News:
WASHINGTON -(Dow Jones)- The Obama administration said Thursday it would release 30 million barrels of oil from its Strategic Petroleum Reserve to offset disruption caused by unrest in the Middle East–a move that caught some by surprise.
The release represents a pivot for an administration that has long resisted calls to unleash its storage of oil despite persistently high gasoline prices. The move will likely send ripples through the stock market and cause a political backlash in Washington. The administration has said the reserves should only be tapped during emergencies, not solely because Americans are feeling pain at the pump.