OPEC cuts 2.2 Million Barrels of output. So why aren't we buying it cheap?

OPEC has announced cuts of 2.2 million barrels of oil today to try to prop up prices. Russia joined OPEC and supported the cuts. Here we have a chance to buy oil cheap and we should have and add millions of barrels to our National Petroleum Reserves, but we haven't bought any since May of 2008 when oil was $126/barrel. Now it's near $40/barrel and the Bush Administration won't. There should be little doubt that this was the final Bush/Cheney Administration support of their oil buddies, instead of helping average Middle Class Americans. We all know oil is going to go back up again to at least $70/barrel and many say $100/barrel again. We had a chance to stabilize prices closer to this level by buying more oil at these prices instead of having Opec cut production.

We will look back and wished we had. There should be no question where Bush and Cheney's allegiance is, it is definitely with Oil companies here in the U.S., and at the expense of us all.