I don't think release 1/3 of the reserve would help that much. Sure, it might lower the price for a while, but investors (or speculators, as he calls them) know that adding 10 days of oil isn't going to make a huge difference in the long run.
He might have a point about the shale oil, however, there is a lot of available shale oil that oil companies are not drilling. Why? Because it isn't economically feasible yet.
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I don't think release 1/3 of the reserve would help that much. Sure, it might lower the price for a while, but investors (or speculators, as he calls them) know that adding 10 days of oil isn't going to make a huge difference in the long run.
He might have a point about the shale oil, however, there is a lot of available shale oil that oil companies are not drilling. Why? Because it isn't economically feasible yet.
Now nuclear power is probably a good idea.
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