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Originally Posted by JCL
Bush has 'strategic reserves' of crude oil. I understood that the shortage was gasoline. With the number of refineries and pipelines off line, would more crude help?
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You are absolutely right, and no, it will not help. It's not a shortage of crude that is causing the high prices in the U.S. It's the lack of refineries, and our releasing 5, 10, 20 million barrels won't do a thing. It sounds good, but that won't help the price of gasoline.
Juan