Before you post, understand what the fuck your saying. OPEC is only 40% of the Worlds Oil. Canada and Mexico are the biggest Oil Suppliers to the US, with TEXAS and LA DELTA being the two biggest Domestic areas of "Tapped" oil. No reason to release the Reserves as that would give only a 90 day 'Relief". THe best the idiots in GOV can do is roll back Gas Tax. Oil is going much higher and so is Heating Oil. Nothing anyone can do about it. OPEC could increase production, but the dollar is still weak and the flight is into Energy for now. Even if oil fell to 90, the strain will be huge across the US.
the simple idea that there is nothing that can be done, and we have to resolve to just let it continue to go higer is called defeatism... Roosevelt had to cheer up the country when FEAR gripped them all in terror that there was nothing that could be done about the terrorism spreading across Europe in their generation.... This Oil Administration rigged the game and removed the legal and (federal) enforcements against what has been allowed to happen in this country. These unamerican acts would have caused a public outrage and legal backlash even under George Bush's presidency, let alone any other reasonable, caring, reasonably intelligent president. What has been allowed to happen here in the US has directly allowed the trading abuses, speculative manipulation of both news / television / pseudo-documentary presentations of oil shortages on film and television to occur, just to stir up the panic before, during and after the Katrina events, when oil was between $40 and $75. What has been allowed to happen here in the US has directly allowed the news cycle to be abused and manipulated into treating every (unfortunately violent) event in Nigeria, Africa, Russia, Indonesia, Middle Eastern countries of an oil producing persuasion, and other regions into some lame excuse to drive prices even higher. What has been allowed to happen here in the US has directly allowed the repricing of existing millions of gallons of refined oil products and gasolines already in the tanks at the gas stations, refineries, and pumping distribution stations to instantly mark up the cost of these already paid for assets (at significantly lower levels) to be increased with impunity. As a direct result, the American consumer continues to see gas prices rise at the pump with no correlation to reality, and there is no enforcement mechanism that has a budget to either fine and force them to disgourge their profiteering practices or to enforce the existing laws. So, where is the justification that there is nothing that can be done. These Oil Men in positions of power and influencing the government have really done a number on the American people. And then again, there are always peoples like, well, you for instance that keep saying: know what you're talking about before you say anything sit down, shut up and just take it because there's nothing you can do about it keep comparing our prices to the European prices for gasoline and other heating products, as if somehow we should have ever achieved parity with them think that this is going to continue on with impunity there is a backlash that is brewing that will really exact some severe justice out of these conditions that have been perpetrated on us all for the last eight miserable years of conservatism and other excuses for raiding the US Treasury....
Good luck waiting for anything to happen in this lifetime. In the meantime, every time you go to the pump you can think of us oil speculators, providing our great service to society..in the best interest of the dear public. There is not some conspiracy against the US, to force oil high so you suffer. We have entered into a new supply/demand picture that has been shifting slowly over time....hence the oil market adjusts. Maybe if oil were $200.00 per barrel, we wouldn't waste it like we've been doing. All in all, this oil bull is happy - and i'll gladly accept $150.00 per barrel.