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Congress urged President Bush Thursday to halt shipments to the Strategic Oil reserve, which stands currently at 97% or capacity (only 1 Senator voted against the measure). The government ships more than 70,000 barrels a day to the reserve. The move they say is in no way an energy policy, but could go a little way to making a dent in gas prices. Should Bush halt the reserve shipments?
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Posts:
1,761
Registered:
4/16/07
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(10 of 10)
Re: Congress urges Bush to halt shipments to Strategic Oil reserve
May 24, 2008 7:45 PM
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Well, strategically, selling the SOR is no different from selling off public lands, and it has the added benefits of being ethical and forcing large oil companies to lower prices during travel season.
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Posts:
580
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1/17/08
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(9 of 10)
Re: Congress urges Bush to halt shipments to Strategic Oil reserve
May 24, 2008 12:31 AM
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So does anyone have a viable solution to the problem? I'd love to hear them.
I went out this morning and unleaded was up to $3.95 a gallon and supposed to climb higher tomorrow ... yikes.
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1,761
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4/16/07
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(8 of 10)
Re: Congress urges Bush to halt shipments to Strategic Oil reserve
May 22, 2008 11:41 PM
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> Well the report I read said we had something like 56
> days of oil from the SOR. It might help get through
> the summer but then we'd be out of the SOR should
> anything happen.
It's not about getting through the Summer. See, here's how it works. Mr. or Mme. President orders big oil to lower prices. They refuse, so M. President releases the strategic oil reserve at 1/3 the market rate. People have enough gas to drive and enough leftover cash to bolster the economy, big oil wrings their hands at regret over their greed, and the SOR is replaced quickly by selling off some of the Strategic Tea Reserve.
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Posts:
22,441
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9/5/01
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(7 of 10)
Re: Congress urges Bush to halt shipments to Strategic Oil reserve
May 22, 2008 4:54 PM
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> Congress urged President Bush Thursday to halt
> shipments to the Strategic Oil reserve, which stands
> currently at 97% or capacity (only 1 Senator voted
> against the measure). The government ships more than
> 70,000 barrels a day to the reserve. The move they
> say is in no way an energy policy, but could go a
> little way to making a dent in gas prices. Should
> Bush halt the reserve shipments?
No.
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Posts:
476
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4/14/07
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(6 of 10)
Re: Congress urges Bush to halt shipments to Strategic Oil reserve
May 22, 2008 12:43 PM
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Economic growth is a problem?okay and oil is a problem _damn skippy
Somebody start an independent valuation company that assesses the total amounts of oil, coal and natural gas - INDEPENDENT of the oil and gas firms and INDEPENDENT OF government. The Gov involvement may be that the assisting in funding without any influence over the reporting.
OR no gov involvement and a few rich people back the slightly for profit excavation of the exact data that expresses the amounts of current energy truly available to the human population.
The oil co doesn?t trust the GOV or believe in Gov and gov is not trusting of oil and HATES OPEC?WE GOT TWO completely different perspectives one is we don?t have any oil left in mid east and the other is there is plenty there and here?.
Okay let?s make is BEST two out of three.. And the key is THE PEOPLE who currently have a perspective or worked for the any type of valuation can in no way be involved with current prospectings.
We need an true perspective untainted by anyone?s agenda?with employees who will not be swayed with a buy-out?People like this are not hard to find?though if you look within existing gov channels..you may have some trouble
But use college students ---get grant money and publicize your findings ?AL GORE should have no Problem assisting in this effort with the money from the funds he has created or any money earned from his DVD or Books ? not if he is really down for the cause
So there you go about 200 new jobs created to benefit the billions of people on the planet. ? Service.
The beginnings of a solution?not far from reach.
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580
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1/17/08
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(5 of 10)
Re: Congress urges Bush to halt shipments to Strategic Oil reserve
May 17, 2008 12:22 AM
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Well the report I read said we had something like 56 days of oil from the SOR. It might help get through the summer but then we'd be out of the SOR should anything happen.
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Posts:
1,761
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4/16/07
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(4 of 10)
Re: Congress urges Bush to halt shipments to Strategic Oil reserve
May 16, 2008 3:27 PM
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well, we're at war, wouldn't this be a good time to start shipping oil out of the SOR? Our economy needs that oil, so that we can pay the taxes that buy gas for our strategic defense.
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Posts:
81
Registered:
9/30/05
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(3 of 10)
Re: Congress urges Bush to halt shipments to Strategic Oil reserve
May 15, 2008 2:43 PM
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They should change the reserve shipments.
It seems there would be some compromise
instead of saving 70,000 barrels per day
maybe we could just cut back 35,000 barrells
The gas prices are controlled by
large oil companies ...so why not design
some incentive for them to spend.
Re The reserve barrells)
BUsh claims this would have little effect
on gas prices because he knows who is
controlling the prices and needs to create
incentive for them...
Bottom line is they want
consumption down....creating more value.
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Posts:
7,650
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2/5/06
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(2 of 10)
Re: Congress urges Bush to halt shipments to Strategic Oil reserve
May 13, 2008 10:05 PM
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> Congress urged President Bush Thursday to halt
> shipments to the Strategic Oil reserve, which stands
> currently at 97% or capacity (only 1 Senator voted
> against the measure). The government ships more than
> 70,000 barrels a day to the reserve. The move they
> say is in no way an energy policy, but could go a
> little way to making a dent in gas prices. Should
> Bush halt the reserve shipments?
4 words:
We are at war.
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528
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1/17/08
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(1 of 10)
Congress urges Bush to halt shipments to Strategic Oil reserve
May 13, 2008 10:01 PM
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Congress urged President Bush Thursday to halt shipments to the Strategic Oil reserve, which stands currently at 97% or capacity (only 1 Senator voted against the measure). The government ships more than 70,000 barrels a day to the reserve. The move they say is in no way an energy policy, but could go a little way to making a dent in gas prices. Should Bush halt the reserve shipments?
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