Oil prices were already on their way down and this is just a drop in the bucket. It will have very little effect and will be very short term. It was a meaningless PR move.
Oil Consumption in North America So, he taking out a day and a half's worth of oil. I'm no economist, but I really can't see how that's going to have any significant impact on prices. This accomplishes nothing; its grandstanding. And, surprising no one, you think its a good idea. :dis:
because dude. if prices continue to drop as they have, guess who takes credit. this is the same dude who said he created 2 million private sector jobs when unemployment hit 10%.
You're too smart to really think that an extra day and a half's worth of supply is going to have any kind of meaningful effect on the price.
