The reserves are there for the purpose of “EMERGENCY”. Hell the price is trending down now before the release.
I think they(the Governments) need to be investigated for manipulating the market more than the traders… how about you? I know the price is high but it is there for several reasons, the least of which is – supply or lack of. If the market is allowed to operate on it’s own and demand does go down the price will stabilize anyway. the higher price is actually good for the facts that it will force demand down, will force alternatives to the front, will cause more drilling and work here at home, and we should keep finding reserves to fill that demand. Force the price down
“And Now the Rest of the Story – “Oil release from the reserves – for what purpose?