The current adminstration is putting the option on the table.
Is this a ploy in an attempt to get speculators to bid the PPB down or do you think they are serious? How much will the tax payer have to pay to replentish our reserve?
Saudis have agree to produce more in offsetting the concerns over Libyan oil. This has yet to show any affect on the PPB.
On another note, Gietner references danger to "global economy". Shouldn't he be concerned with the "USA economy" first and foremost? Afterall, it is thier policy that has placed us in this situation of rising gasoline prices.