Sam Seder breaks down the effect of speculation and strategic reserves on the oil market

Sam Seder, host of "Ring of Fire" and "The Majority Report," weighs in on the impact of speculation and the president's power to release oil from the strategic reserves on the price of oil. "The reserve is supposed to be for emergencies. But there's been plenty of precedents where the emergency was that basically it's getting a little expensive and right now we're near capacity in the reserves, so releasing some to depress the price is not unprecedented and it probably wouldn't hurt."

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