Oil price falls following report that more supplies could be released from strategic reserves for Obama's reelection purposes?

Oil price falls following report that more supplies could be released from strategic reserves for Obama's reelection purposes?(Yahoo).By Joshua Freed, The Associated Press.

Already now Obama authorized the biggest releases ever : 30,640,000 Billionbls !More than Desert Storm and Hurricane Katrina releases combined.

The price of oil fell on Friday after a trade journal reported that Western countries might release more oil reserves. Benchmark crude traded in New York fell 12 cents to finish at $96.15. Brent crude traded in London fell, too, down 28 cents to $113.31. Brent crude is used to price international varieties of oil. The Obama administration has been considering a release of oil from the Strategic Petroleum Reserve to dampen the rise in oil prices, which are up more than $8 per barrel this month. Releasing reserves would boost the supply of oil, which would drive prices lower. On Friday, the trade publication Petroleum Economist reported, based on anonymous sources, that the International Energy Agency had agreed to endorse a plan to release oil from petroleum reserves. The agency, based in France, did not immediately respond to an email seeking comment, and no one answered its phone. Earlier Friday, oil prices rose slightly on worries about Tropical Storm Isaac, which has the potential to reach hurricane force in the Gulf of Mexico. That could disrupt oil production and refining. Already on Friday, BP and oil services company Apache Corp. said they were evacuating some offshore workers from the area. "I think there's a lot of angst with what's going on in the Gulf right now," said Patrick DeHaan, a senior petroleum analyst for GasBuddy.com.Hmmmm.....Anything for a vote?Already now Obama authorized the biggest releases ever!More than Desert Storm and Hurricane Katrina releases combined.BUYING VOTES!!!Question: "Have the previous released 'reserves' already been replaced and HOW much did it cost to replace them?"Read the full story here.

Related: Oil falls to $114 as Obama Admin considers releasing 'strategic reserves'.........AGAIN?