Obama’s Quest For Re-Election Points to SPR Release | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it

With Brent Crude (AMEX:BNO) having risen back to $114 per barrel and West Texas Intermediate Crude (AMEX:USO) back over $96 per barrel, the Obama administration is looking to put fear into the oil futures markets with another threat of a release from the Strategic Petroleum Reserve to temporarily dampen prices. The problem, of course, is that oil prices are rising due to a number of factors, all of which Mr. Obama had a great deal of either direct control over or his actions created unintended consequences (for him, of course). Off the top of my head they are