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Barack Obama's plan to tap the Strategic Petroleum Reserves

Barack Obama for the past little while has been speaking of tapping America's oil reserves in order to ease the hike in gas prices hitting average citizens hard. Although he claims this will fix it, it wont. He is simply looking for some short term gain for his re-election, but the fact is that history shows this will not fix the hike, and these short term plans he proposes to cover up his economic failure wil not fix this economic crisis. Check out the link below!

http://www.economist.com/node/21551057



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crass political expediency

China is supposed to be using some of its dollar reserves to fill up its own emergency reserves to help get it through any sort of Persian Gulf conflict. It is probably not a good idea to do the opposite except for political reasons; perhaps just before the November election.