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Originally posted by behindthescenes
A. U.S. increased strategic petro reserve supply when prices and regular supply made such a move counterproductive.
Administration Plan to Fill Strategic Petroleum Reserve Questioned
(WASHINGTON, D.C.) - On the day that the price of oil reached an all-time high of $89.55 per barrel, seven U.S. Senators questioned the Administration’s decision to reduce oil supplies by diverting millions of barrels of oil to the Strategic Petroleum Reserve.
"We are writing to express our extreme concern at the Department of Energy’s continued deposits of oil into the Strategic Petroleum Reserve (SPR) despite record high crude oil prices and to respectfully request that you immediately postpone further deliveries.....
The Energy Department in September deposited 2.6 million barrels of oil into the SPR and reportedly plans to remove another 6 million barrels from the market and place them into the SPR over the next few months. This action sends a message to the market place that the Administration is comfortable with current price levels, and can only add to U.S. crude oil prices and the prices of related commodities. In addition, last week the Department issued another solicitation for additional deposits of 13 million barrels into the SPR beginning next February. Unless the Department changes the manner in which it manages this program, the removal of another 13 million barrels of oil from the market could fuel further increases in oil prices in the spring and summer of 2008." Full Text
I can not see a war with Syria because i do not see a reason.