Hey Folk, I am the OP on this, I wrote an article today on how this will actually cost us money, I am pasting it in below:

Why Releasing Oil From The Strategic Reserve Will Cost The US Money

Yesterday, the IEA announced that it will be releasing 60 million barrels of oil onto the world markets. The United States will contribute half of this, 30 million barrels, from our strategic petroleum reserve. Most commodities traders are already agreeing that this will only make a short temporary dip in oil prices. However, nobody is telling you why it will cost the tax payers money.

The US will actually sell the oil from our strategic reserve onto the market. We will have to buy the 30 million barrels back in the future to put back into the strategic reserve. The IEA announcement yesterday drove down the price of oil, so we will be selling our oil onto the market at discounted prices. When we go to buy the oil back to replenish our reserves, we will most likely end up paying more for the oil than we sold it for. Therefore, we dig ourselves deeper in debt yet again.

[link to www.navigatethezoo.com]