OPEC melts down and oil drops 5%

[RoadToad]

I don't get the timing on tapping the reserves. Back when OPEC tightened up the supply and prices were high, they wouldn't do it. Now, when prices are already dropping, they decide to tap the reserves. Don't get me wrong; if it saves me money, I'm not complaining. I'm just having a hard time understanding the logic.

[artcarney_agr]

I don't get the timing on tapping the reserves. Back when OPEC tightened up the supply and prices were high, they wouldn't do it. Now, when prices are already dropping, they decide to tap the reserves. Don't get me wrong; if it saves me money, I'm not complaining. I'm just having a hard time understanding the logic.

The timing is perfect for someone to start a campaign for re-election. You're going to see lots of "I care" moves in next few months. Do you think it's any coincidence that the news is now clamoring about a few troops coming home? There's plenty more to come...