"Obama has jeopardized national security by drawing down the strategic reserves to, at best, save consumers about $1.50 per fill up when this 'flood' of new gasoline hits the market. To call this irresponsible would be an understatement."

Americans for Limited Government's President, Bill Wilson, sends this via email...

Study: Just 10 Cents Saved Per Gallon from Release of Strategic Reserves

June 24th, 2011, Fairfax, VA—Americans for Limited Government (ALG) President Bill Wilson today issued the following statement commenting on an ALG study estimating what the release 60 million barrels of oil over a 30 day period would save consumers about $.10 a gallon for gasoline:

"If one is generous and assumes yesterday's $4 drop was solely because of Obama and International Energy Agency, at best it will save consumers $.10 a gallon for gasoline. That works out to about $1.50 per fill up, or $6 for the month the additional gasoline is available.

"In other words, Obama has jeopardized national security by drawing down the strategic reserves to, at best, save consumers about $1.50 per fill up when this 'flood' of new gasoline hits the market. To call this irresponsible would be an understatement."

That 60 millions barrels? only good for 16 hour's worth of usage on the international market. Less than a full day.

What did BHO hope to achieve with this release of a relatively insignificant drop of oil from our vitally important strategic reserve? Why, only to help himself, of course. His poll numbers are flagging, the unemployment figures are staggering, and he's to blame for it all.

The Obama administration was also concerned about tight markets ahead of peak demand in the summer, when many Americans take to the roads for vacations. The jump in gasoline prices earlier this year was hurting Obama's support as the White House was gearing up for its re-election campaign.

"The cascade of bad economic news is poison for a president running for re-election," said Larry Sabato, political science professor at University of Virginia.

"But politics is about smoke and mirrors. This now allows the Obama administration to claim credit for the fall in oil prices," Sabato said.

Let's get this guy out of there in January 2013. He's a fool and a buffoon, and he's done terrible damage to our Republic.

In unrelated news, the Communist Party in China is also preparing for a celebration. Nice of them to loan BHO a prop.

A shame that it's so close to truth.

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