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Politics : PRESIDENT GEORGE W. BUSH
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To: ColtonGang who wrote (42832)10/5/2000 8:24:05 AM
From: DMaA  Read Replies (2) of 769670
 
The U.S. agreed to release oil in a bid to take the steam out of crude prices

If that's why they did it then they broke the law. Congress did not give the Executive the power to manipulate the market price of oil.

If their intention was (illegally) to manipulate the price of oil down, it's not clear they accomplished their goal. Yesterday the price was way up. This morning it's way down. All they've done is vastly increase the price volatility. Not a good thing.
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