RUSH: I want to go back to me on this program and a prediction that I made yesterday.
RUSH ARCHIVE: So now he's gonna release oil from the Strategic Reserves because they say it's supposed to lower prices. And the media is gonna be right in here, folks. The media is gonna be jumping for joy with this and doing exactly what they're supposed to do. The news is going to be, "Obama cares! He's not waiting for the oil companies. Somebody has to act! Somebody has to care about the American people. Somebody has to care about the price of gasoline! They say that presidents can't do anything about it."
Have you heard that all week, by the way?
That's what's gonna get reported here.
RUSH: And let's go to ABC's World News Tonight. Fill-in anchor David Muir opened the broadcast...
MUIR: Welcome to World News Tonight. Pumped up! Could gas prices finally be coming down? Tonight, is there a secret plan? Is the president on the verge of action?
RUSH: Do I know these people or do I know these people? I predicted yesterday that the media would pick this ball up and run with it. "There's one guy who can bring gasoline prices down! One man who cares, only one man who cares about gas prices: The One, 'Baraka' Obama." And there is ABC's World News Tonight setting it all up. Now, what did we learn about this yesterday? Well, first there was a report that Cameron, the prime minister Britain, and Obama had agreed to a joint release of oil from the Strategic Reserves of both countries. Markets reacted to this. So did we. About 45 minutes after that, the White House press secretary, Jay Carney, said (paraphrased):
"That's false. There's no agreement. Nobody's agreed release oil. I mean, yeah, they talked about energy. What would you expect? But there's no agreement." Well, Reuters had an exclusive detailing the agreement. National Journal had a story on it. TheHill.com had a story. And Reuters is back today, "Exclusive: US, Britain Set to Agree on Emergency Oil Stocks Release." They posted this about six hours ago now. They've not pulled it. And all this is is a tweaked version of their original story from yesterday, with a few updates on the White House denials. Now, I have no doubt that Obama and Cameron discussed this or that Obama's plan is to do it this summer closer to the elections.
I have no doubt. In fact, yesterday when we heard that they were gonna release oil from the Strategic Reserve, I asked, "Why now? There's no electoral benefit. There's no interruption in our oil supply and there's no shortage. There's no emergency, there's no crisis in terms of supply. You don't release oil from the Strategic Reserves (which are about a 36-day supply) just because prices go up unless you're doing it for political reasons," and, of course, Obama is. So Carney didn't deny that they had discussed using the Strategic Reserves. He just denied that a deal had been reached on the release or the timeline. So I think this Reuters story was an embarrassing leak of Obama's strategic plans for his reelection.
Because Reuters hasn't pulled it. I don't have any doubt that they have a deal and a timeline to release oil from the Strategic Reserves, but they're not gonna do it until there's some political benefit to it. Speaking of political benefit, let put something else out there. I was talking to a good friend the other day about this, and we were discussing possibilities of something happening on a scale of one to ten. Let's say it's October. No, no, not "October Surprise." I'm not going there, 'cause this wouldn't be a surprise. But let's go to October under our hypothetical here, and let's say Obama's still at 41%, and let's say the gas prices are higher. Let's say it's looking bad.
What do you think, on a scale of one to ten, the possibilities are of Obama attacking (the United States attacking) Iran to shut down its nuclear program in October? Where would you put that possibility on a scale of one to ten? And let's add something else to it. The president announces that we're taking military action. "We have conclusive proof now." This all hypothetical. This is October. "We have conclusive proof they're building a nuclear weapon. We're not gonna let it stand! I've said all along as president, we're not gonna be let it stand."
They launch the attack, whatever, and then say, "We can't -- in the midst of this important move regarding American foreign policy, we can't -- change horses in the middle of the stream. We can't pass this on to another administration." What are the odds? Where would you put that on a scale of one to ten being possible? If gasoline prices are still this high or higher by October, then inflation will have gone through the roof. So some kind of distraction will be needed, and a distraction that theoretically would unite the nation. I'm just asking.