Senate and House action on Oil Reserves is Important

While the administration likes to point out that the filling of the strategic oil reserves is not a factor in oil prices, it remains a fact that commodities are priced at the margin.  The oil reserve has been the buyer at the margin, taking what is left over and filling the caverns.  When this Senate and House action is implemented, we will see a big drop in oil prices. 

7:40 AM CDT