Oil Hits $100 A Barrel: Time For The Strategic Reserve?

We’ve finally made it. Prices for West Texas Intermediate crude  breached $100/barrel. The main reason is due to strong demand side action. The Fed finally pushed through QE3, the ECB got a vote of confidence from the German constitutional court; China unveiled a tepid (but politically significant) Rmb1tn infrastructure plan. All in all – a good week for oil bulls – that gained even more momentum from a string of tragic attacks on U.S. embassies in the Middle East. The question everyone is asking, will this lead to an SPR release from the Obama Administration or not? It’s a 50/50 call, but my guess is probably not quite yet.

http://www.forbes.com/sites/matthewhulbert/2012/09/14/wti-hits-100b-time-for-the-strategic-reserve/