Quote:
Originally posted by Tyrone Slothrop
We sorely lacked your perspective yesterday. Do you think that dipping into the strategic reserve would have any non-transitory effect on retail gasoline prices, or is it simply a way for a president (Clinton, Bush, etc.) to make a hollow gesture that shows that he cares about working stiffs?
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Dipping into the strategic reserve will have a minimal impact. At most, it might pressure the Saudis to start upping production, which would have a more lasting effect. However, that's assuming the Saudis are in a mood to help us out right now. I'm not detecting any warm fuzzies from that quarter, though.
