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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsObama 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.
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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Obama administration consults experts as it weights actions against Syria (Original Post)
Scuba
Sep 2013
OP
warrant46
(2,205 posts)1. Shocking !
</sarcasm>
NoOneMan
(4,795 posts)2. Do nothing. Look stupid. Egg on face.
Its better than killing even more civilians, right?
MotherPetrie
(3,145 posts)3. Good.Fucking.God.
polichick
(37,152 posts)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.