Releasing from our strategic oil reserves? How big of a drop in cost for us?

Question

1. How big of a decrease in fuel costs will we see if Obama gets his way with the release?

2. What is our assurance the oil companies will actually pass the savings onto the consumers?

Answer 1

Well that's why it depends on how it's administered.  He was saying he basically wants to put it into the system at a guarantee it'll be used at a lower price.  So it could be substantial if it works that way maybe 25 cents for a few months.  Otherwise not really since we use more than 80 million barrels a day and the reserve amount he's talking about is only 70 million.