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General Motors Company Message Board

  • professor_terguson professor_terguson Jun 23, 2011 6:14 PM Flag

    Obama floods market with oil

    This will be the death blow to Volt.

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    • The best thing that may happen from this is that oil speculators may be afraid to keep bidding the price up if they know they might get shafted again. If it results in lower gas prices, any effect on Volt will be more than offset by sales of Tahoe, Escalade, etc where GM makes more money anyway.

    • No way. Gov't I understand has already bought thousands for gov't employees. Our tax dollars again, wasted. This administration is on the verge of ruining our country.

    • "This will be the death blow to Volt."
      ======================================
      That is like saying Titanic may sink.

      • 1 Reply to MAllen1998
      • "This will be the death blow to Volt>>>
        I visited my old buddies in Detroit that worked on the VOLT launch (with me). They all said, as I had stated before, that there is an issue with a supplier that is nearly resolved. There is a real dealer backlog and the demand is robust. Not my words but folks still on the program. I like the VOLT and think it will sell. Maybe not make any money but sell and be a good starting point to market entry. The oil situation will change as evolving countries use more and more. Don't live for today in the investment word.

        I like the old domestics and am not a basher just a realest.

    • Only 60 million barrels will be released worldwide. This is hardly flooding the market with oil.

      Oil price was unsustainable, up only because speculators kept it up. The price was going down on its own, the release of oil only hastens the price drop.

    • Oil Rises on Concern IEA Crude Release May Limit Future Supply Responses
      By Christian Schmollinger - Jun 23, 2011 4:55 PM PT .
      inShare.1
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      Business ExchangeBuzz up!DiggPrint Email ..
      Play VideoJune 24 (Bloomberg) -- James Bianco, president of Bianco Research LLC in Chicago, talks about the outlook for crude oil. Oil rose in New York, reversing yesterday’s plunge, on concerns that stockpile releases by consuming nations may limit the ability to respond to supply disruptions in future. Bianco speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)
      .Oil rose in New York, reversing yesterday’s plunge, on concerns that stockpile releases by consuming nations may limit the ability to respond to supply disruptions in future.

    • itswhatsintheboxthatcounts itswhatsintheboxthatcounts Jun 23, 2011 10:41 PM Flag

      You are another IDIOT ! The Volt has its own following who will buy it even if gas was .50 cents a gallon.

    • Most estimates peg our country's oil consumption at 20-25 million barrels/day. So you can see that the 30 million barrels Obama released is only a dribble, about 1.3 days consumtion. This, like so many things he will be doing in the months ahead, is a re-election head fake. Most people will see through the BS.
      Obama and the Dems have demonstrated that they have no solutions. The Obama 800 billion dollar stimulus has yielded nothing besides saving union jobs. Obama is the poster boy for leadership incompetence.

      • 2 Replies to a7come111
      • davidcfolsom@att.net davidcfolsom Jun 23, 2011 9:02 PM Flag

        agree. only reason to do this AFTER oil drops 20% is to realize Americans have no memory, and take credit for the drop in oil price that had already occurred.

        volt will die on its own.

      • 1)The release is to make up for a loss of roughly 1.5 million barrels of oil per day on the global market, due to Libya etc.

        2)Repubs have previously called for a release from the SR.

        3)You're not too bright.

        <<<"Most estimates peg our country's oil consumption at 20-25 million barrels/day. So you can see that the 30 million barrels Obama released is only a dribble, about 1.3 days consumtion. This, like so many things he will be doing in the months ahead, is a re-election head fake. Most people will see through the BS.
        Obama and the Dems have demonstrated that they have no solutions. The Obama 800 billion dollar stimulus has yielded nothing besides saving union jobs. Obama is the poster boy for leadership incompetence.">>>

 
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