Strategic Oil Reserves

Discussion in 'Middle East - General' started by freeandfun1, May 19, 2004.

  1. freeandfun1
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    freeandfun1 VIP Member

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    I'm not going to post a link (I will if somebody requests) because I think we all know what the Strategic Oil Reserves are.

    The question I am posing is this:

    Does it make sense to use our Strategic Oil Reserves just to lower prices for the consumers? I say NO!

    Why are the democrats so hot on pushing this point? The reason for the Strategic Oil Reserves is so that we might have oil if our supply is ever disrupted. Not to lower the prices. I can't believe they are even debating this issue!
     
  2. 5stringJeff
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    5stringJeff Senior Member

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    The Democrats think that releasing that oil will ease prices. What it will do, in reality, is cause OPEC to lower production, keeping prices stable and draining our strategic oil supply.

    Terrible, policy, IMO.
     
  3. DKSuddeth
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    DKSuddeth Senior Member

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    Strategic Oil Reserves are meant for the military. Its a political ploy used to show that the administration does not care about the people.
     
  4. freeandfun1
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    freeandfun1 VIP Member

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    I totally agree. This is just another example of how the left politicizes issue that are beyond our control!
     
  5. Zhukov
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    Zhukov VIP Member

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    Precisely.

    Meanwhile OPEC is planning on meeting in Holland with some members supporting the idea of raising production to capitalize on the current high prices.
     
  6. Mr. H.
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    Mr. H. Diamond Member

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    The U.S. has 5 billion bushels of corn in reserve at any given moment.

    I say we open the floodgates and get that puppy down to ten cents/bushel. :thup:
     
  7. eagle1462010
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    eagle1462010 Gold Member

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    No.

    They were created when we were black mailed by Iran.

    They are there in case we have a shortage due to embargo's, war, or calamities.

    They are called reserves for a reason.
     
  8. Politico
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    Politico Gold Member

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    There aren't enough strategic reserves to lower anything much less supply any real needs.
     

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