Would releasing the US oil reserves help to bring the gas price down ?

To answer your question;





No, because the current prices are more due the fact that there is no refinery capacity to make more gasoline available. If we build more refineries that would lower the price of gasoline, because more of it will be available. The problem is not a shortage of oil.Would releasing the US oil reserves help to bring the gas price down ?
If you are talking about drilling for more oil, yes they prices will come down. If you are talking about the strategic oil reserves, No there is simply not enough.Would releasing the US oil reserves help to bring the gas price down ?
Yes, but it would have a very small effect. It would be like adding a few drops to a huge barrel.
Maybe a dime or two, for a month or two, but that's about it.
With Exxon making 75k a min. in 2007 I would say that using our surplus is not the problem. We go after small gas stations for price gouging but never the root cause. I say the oil that America uses should be people owned and no profit made, we will just pay the private corporations to get it out of the ground for us.
for a few weeks, yes.
Easy way the goverment isn't endorsing is to stop taxing it...right now in Florida we are paying about 44 cents per gallon in taxes.
In a word nope.
Sure, for about a day.
Absolutely and it would also show these nasty little countries that we don't want or need them and would effectively shut them up.
No. Less oil reserves would drive futures up. Do you know why the oil investors price oil so high? The same reason why a dog licks his nads - they can.
Marginally, at best.





In theory, it could create more of a supply, but it might also set of some sort of speculative panic (';Why is the US releasing the oil reserves? Are things that bad?';), and this would force prices higher.
That plus the addition of new refineries, and new drilling yes.
Yes, but developing electric cars would bring them down more quickly.





Also, if everyone boycotted Mobil then after some time Mobil would have to lower its prices to fight the boycott, which would result in its competitors lowering their prices to compete with Mobil.
Doubtful. A lot of the current prices revolve around increased global consumption combined with decreased value of the dollar.
Yes, providing that the left wing nut jobs let us build new refineries as well
Yes... but only a little bit and only for a little while.





The problem is the growing demand for gasoline and fuel in India and China.





We were so nice to help give them an economic boom... but too dumb to think of the long term consequences.
not so much
not in the short term. the refineries need to be built, that takes many years. but once they are operating, sure that will help lowering prices. developing alternative fuels will be the key since alternative fuels are replenishing itself.