Wednesday, June 11, 2014

Oil Prices: Selling America`s Reserves Won`t Help Much

America does have oil reserves but they are not enough to,  I mean if we sold all of our reserves, its not enough to have any significant impact on the world oil market. It may make the market go down for a day, or a week, or 2 weeks even, but then the market is going to go back where it was before or go even back more because now America have sold its oil reserves.

Related: Nymex Crude Oil Futures (CL Futures), Exxon Mobil (XOM), Chevron (CVX)