"It's not just traders and investors but also entrepreneurs who smell Obama's fear. And when this level of sheer economic panic is shown by the government, it further depresses the willingness of America's job creators to take risk to start or expand businesses."

◼ Obama's Oily Desperation - The American Spectator

Of all the misguided policies implemented during the Obama Administration, this release of oil from our Strategic Petroleum Reserves is the most puzzling and the most representative of its utter cluelessness about markets, business, and economics. It sends multiple wrong messages. The little that it might accomplish will be temporary. And the longer-term response by markets and businessmen will be more than an equal and opposite reaction.