Oil Price Drop

Posted by Break.com Staff on Jun. 24, 2011

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Oil Price Drop on Newsfeed - The White House recently announced that it and 60 other countries will release emergency stockpiles of oil, bringing the cost down worldwide. This is in response to the tensions in Libya and also the cost of energy blocking the US economy’s recovery. The government’s announcement came after a long decision to make oil prices lower but still high enough to make you angry every time you fill-up. The gas prices are exactly why I ride a scooter everywhere. The only problem is that if I get into an accident on a scooter, before people call 911, they all take a moment to laugh at you and make fun of your Capri pants--and your girlfriend breaks up with you because she cant take the humiliation. But aside from that, this oil prices going down thing is really great.The White House stepped in yesterday and decided to release 30 million barrels of oil in hopes to bring down the price of gas at the pump.

Categories Budgeting

Tags gas, government intervention, oil, oil price, oil reserves, price drop, price manipulation, stockpile

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