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Thu Sep 5, 2013, 08:26 PM

 

Obama administration consults experts as it weights actions against Syria

Oil experts. Who could have guessed?

http://mobile.reuters.com/article/idUSBRE97T00K20130830?irpc=932

WASHINGTON (Reuters) - Obama administration officials have contacted energy experts in recent days to discuss oil market conditions as the president weighs a military strike against Syria, sources familiar with the matter told Reuters. There are no signs the government is preparing to tap emergency oil reserves soon in a bid to tame rising prices, according to the sources who spoke with Reuters this week, though the administration is closely monitoring the situation.

Fears about Syria's civil war spilling over into other countries have helped propel international oil prices to their highest level in six months, rising more than $8 a barrel since the beginning of the month, and approaching a level that has slowed the global economy in the past. That has spurred early market chatter about whether Obama might tap the Strategic Petroleum Reserve, or SPR, a 700 million barrel resource last used in 2011 after months of supply disruptions during the Arab Spring.

"I don't think a use of the SPR is either imminent or being strongly considered at this time," said one source who had spoken with administration officials as part of regular discussions with them about oil markets. "It probably wouldn't be unless the blowback from any strikes on Syria is more severe than anticipated," the source said.

Oil analysts have said a quick strike against Syria could push prices up to $125 to $130 a barrel, with Societe Generale saying prices could reach $150 a barrel if the crisis were to spill over into larger oil producing countries.

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Reply Obama administration consults experts as it weights actions against Syria (Original post)
Scuba Sep 2013 OP
warrant46 Sep 2013 #1
NoOneMan Sep 2013 #2
MotherPetrie Sep 2013 #3
polichick Sep 2013 #4

Response to Scuba (Original post)

Thu Sep 5, 2013, 08:29 PM

1. Shocking !

</sarcasm>

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Response to Scuba (Original post)

Thu Sep 5, 2013, 08:30 PM

2. Do nothing. Look stupid. Egg on face.

 

Its better than killing even more civilians, right?

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Response to Scuba (Original post)

Thu Sep 5, 2013, 08:43 PM

3. Good.Fucking.God.

 

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Response to Scuba (Original post)

Thu Sep 5, 2013, 08:52 PM

4. Yeah, to hell with experts (anthropologists, etc.) who understand...

people and cultures. All the U.S. ever cares about is exploitation and money.

Chris Hayes had a good segment about this last night, about what kind of experts are NOT in the room. Looks to me like, whether you're talking about war or healthcare, the "experts" the gov't chooses all stand to make a fortune off the American people or some poor saps we're bombing.

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