So what's the emergency? Obama released 30 million barrels of crude oil from the US Strategic Petroleum Reserves (SPR) on June 23, 2011. Currently, the US consumes 21 million barrels of oil daily, and the SPR holds 726.5 million barrels [wikipedia].
The real reason for this political move may be to warn Israel, that if they don't give up their land to the Palestinians, the US will not honor their treaty to sell oil to Israel during their time of need, because it will already be sold. According to the 1975 Second Sinai withdrawal document, the U.S. is obligated to sell oil to Israel for up to 5 years in case of an emergency. The emergency will be all the Muslim countries attacking Israel, but this time it will be with the support of the U.N. (full of pro-Muslim countries) to enforce the “Responsibility to Protect Act” to establish a Palestinian state.
Counting backward one (360-day) year, one (30-day) month, and one day (Rev. 9:14-16) from September 16, 2012 (Rosh haShanah, Feast of Trumpets) is August 23, 2011. This date begins the War of Armegeddon against Israel.
I hope you can bicycle to work.