Obama taps into Oil Reserves: Is it style or substance?

This is some political rhetoric that we can benefit from. Anything that will cause gas prices to go down is a good thing, especially this holiday weekend. I know that the reserves the President is tapping into has had a psychological impact on us, but it is the speculators that has kept gas prices high. I would like to know when the speculators will be dealt with. Who benefits the most from high gas prices? Everything is affected by high gas prices especially food. Keep up the rhetoric Mr. President.

President Barack Obama has pressed repeatedly for a long-term energy policy, devoting five weekly radio addresses to the subject in the past three months and blasting other politicians during a March press conference for pursuing short-term political fixes for high gas prices.

“Every few years, gas prices go up; politicians pull out the same old political playbook and then nothing changes,” Obama said. “And when prices go back down, we slip back into a trance. And then when prices go up, suddenly we’re shocked. I think the American people are tired of that. I think they’re tired of talk.”

But this weekend as an anticipated 39 million Americans drive 50 miles or more for the holiday, the Obama administration is preparing to release 30 million barrels of crude from the Strategic Petroleum Reserve. Meanwhile, AAA reports the price of gasoline per gallon has declined from $3.63 just before the announcement to $3.55 on Friday. Gasoline prices peaked this year at nearly $4 a gallon on May 5.

Some critics say the president’s action betrayed his lofty rhetoric about energy.

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