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#1 Will the name change to Strategic Votes Reserve?
Posted by Muggsy Glink 2012-03-15 09:49||
#2 If you shut down refining capacity, the amount of oil in the pipeline won't have an effect. Added to the mix is that actual consumption is already down. It's not scarcity. It's inflation. The fools can't comprehend that dumping trillions in 'stimulus' or 'qualitative easing' eventually catches up with the medium of transfer in the supply and demand model.
Posted by Procopius2k 2012-03-15 10:21||
#3 yeah let's use this emergency contingency oil to kick the can down the road again instead of dealing with not drilling and becoming self reliant. So when our military needs it for our defense we won't have any, or a very limited supply.
Obama doesn't consider our America first and foremost, this is very chilling to me.
I want to be reassured that Obama wants to do the right thing for America, I'm not so sure he does at this point. Obama seems to be making all the wrong choices at every turn. He is after all our commander in chief right? He sure isn't acting like it.
Posted by Jan 2012-03-15 10:39||
#4 His entire Presidency is about him and his re-election--not much to do with the country. In other words much ado about nothing.
Posted by JohnQC 2012-03-15 11:07||
#5 It's a win-win for Obozo. If he loses, then the Trunks have to refill it, driving up oil prices. If he wins, prices keep going up, which is what he wants.
Posted by gorb 2012-03-15 11:23||
#6 Can't we just all drive solar powered cars?
Posted by Ebbang Uluque6305 2012-03-15 11:29||
#7 If we had a Pub party that wasn't stupid, it would be pointing out today that Champ has already jumped the shark on this issue.
After all, he's acknowledging that supply matters.
If pumping oil from the Strategic Reserve is a good idea, isn't it a good idea to increase supply by drilling in ANWR? Drilling off-shore? Building pipelines? Building and expanding refineries?
But again, we need a group other than the Stupid Party to point this out.
Posted by Steve White 2012-03-15 12:57||
#8 The SPR is equivalent to one-month of US consumption. It won't make a difference in his election bid. On the other hand, its existence and fullness would (will) make a difference when the Persian War starts.
Posted by Shereter Poodle9774 2012-03-15 13:16||
#9 Just in: Oil prices dropped quickly Thursday on a news report that Britain and the United States would cooperate on a release of crude oil from strategic reserves, but the Obama administration said the report was "not accurate" and played down the talks with British officials.
Posted by Anguper Hupomosing9418 2012-03-15 13:43||
#10 SPR is equivalent to about 74 days of US imports minus exports, not consumption - US still produces a fair amount for its own consumption. From EIA: In 2010 the United States imported 11.8 million barrels per day (MMbd) of crude oil and refined petroleum products. We also exported 2.3 MMbd of crude oil and petroleum products during 2010, so our net imports (imports minus exports) equaled 9.4 MMbd.
From the WaPo article cited earlier: The United States maintains a 696 million barrel Strategic Petroleum Reserve in a handful of giant salt caverns along the Gulf of Mexico coast. Days of SPR reserve = 696/9.4
Posted by Anguper Hupomosing9418 2012-03-15 13:49||
#11 When Bush was president Obama blamed him for high oil. Then recently it's "President has no control over oil" now this which seems to prove that he knows it does or he's willing to waste a strategic asset for partisan points.
I want to hear an apology from Obama because he lied at least once in those flip-flops.
Posted by Rjschwarz 2012-03-15 14:14||
#12 So this guy will leave the next President a bankrupt nation, debt, more screwed up programs, a war, and empty fuel tanks.
Kicking the can down the road for pure political gains.
Posted by newc 2012-03-15 14:37||
Posted by tipper 2012-03-15 16:12||
#14 #12 So this guy will leave the next President a bankrupt nation, debt, more screwed up programs, a war, and empty fuel tanks.
Unless he gets re-elected and then its his (and our) problem.
If a Pub gets elected, he will have one screwed up mess to unravel.
Posted by JohnQC 2012-03-15 18:29||
#15 But, but, but Obama says we are drilling all over the Country!
Posted by Deacon Blues 2012-03-15 19:07||
#16 His reasoning is that it is the Strategic Oil Reserve and it is key to his campaign strategy, so that makes it ok.
Posted by crosspatch 2012-03-15 19:39||
#17 Champs plummeting approval number are a National Emergency, hence tapping the reserve. What could be worse, destitute Americans with no oil and no ability to run the economy in the event of a Middle East War, and out militay severely constrained or Obama not getting re-elected. Gee, this shouldn't be hard, if you a narcissistic clown with no sense of duty.
Posted by NoMoreBS 2012-03-15 20:03||