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Seems to me the issue is all about partisan politics and a continuation by Republicans to sabotage any (ANY) effort by Obama to mitigate the Bush Recession. Whether a release of the reserve will do anything to mitigate the economic misery of the American citizen is not the issue, the issue is the GOP's only vision is to capture the White House in November and the patronage that entails.
Seems to me the issue is all about partisan politics and a continuation by Republicans to sabotage any (ANY) effort by Obama to mitigate the Bush Recession. Whether a release of the reserve will do anything to mitigate the economic misery of the American citizen is not the issue, the issue is the GOP's only vision is to capture the White House in November and the patronage that entails.
Oh my, stupidity wins!Senators David Vitter (R-LA), John Hoevan (R-ND), and Richard Lugar (R-IN) introduced the Strategic Petroleum Supplies Act, S. 2100
Bill Text - 112th Congress (2011-2012) - THOMAS (Library of Congress)
the Administration shall not authorize a sale of petroleum products from the Strategic Petroleum Reserve until the date on which all permits necessary for the Keystone XL pipeline project application filed on September 19, 2008 (including amendments) have been issued.
So, they're tying Obama's hands in case oil prices spike. They are saying that if Iran causes instability in the price of oil, Obama won't be able to do anything about it unless they get the pipeline first.
Yet another FINE example of how EXPENDABLE the money in YOUR wallet is to RepubliCONZ, as long as they get to stick it to ol Barry and reward their patrons, who cares what happens to American families?
Are you really this ignorant? Or perhaps you think that WE are this ignorant? Do you have any idea what the Strategic Petroleum Reserve is, what is SUPPOSED to be there for, AND what happens when a release of that oil occurrs?
Let's refresh our memory: The Strategic Petroleum Reserve (SPR) is an emergency fuel storage of oil maintained by the United States Department of Energy. It is the largest emergency supply in the world with the capacity to hold up to 727 million barrels.
Wow, that's a lot of oil, huh? Not really, because the oil that is released from the SPR is defined by how MUCH you can release, how fast. If you go to the SPR website, which I know is asking a lot from the left, but it will tell you how much is available and how much that oil is worth.
The current inventory is displayed on the SPR's website. As of January 31, 2012, the inventory was 695.9 million barrels. This equates to 31 days of oil at current daily US consumption levels of 21 million barrels per day (3,300,000 m3/d). At recent market prices ($100 a barrel) the SPR holds over $65 billion in sweet crude and sour crude (assuming a $15/barrel discount for sulfur content). The maximum removal rate, by physical constraints, is 4.4 million barrels per day (700,000 m3/d). Oil could begin entering the marketplace 13 days after a presidential order. The Department of Energy says it has about 59 days of import protection in the SPR. This, combined with private sector inventory protection, is estimated to equal 115 days of imports.
Now, the problem with releasing that oil is that it, by law, has to be replaced. If you release the oil when prices are this high, then you are in effect releasing oil that was bought cheap and replacing it with oil that is higher priced, all so you can bring down the price at the pump by a couple cents for your political gains. So, what is the answer? Once again, I don't expect the left to understand something that it REFUSES to understand, so lets review the facts.
1. Barry and the boys in Washington HATE the oil and gas industry. Exploration and drilling on the contenental shelf, in the gulf, the tar shale in Utah, and else where on public lands has been stifled and virtually SHUT DOWN by this administration. The Democrats like to say that we are pumping MORE OIL during Barry's administration than during Bush's. Really nice fact if you're a total politcal hack. But the facts are that North Dakota, west Texas, and some wells being reopenned (thanks to hydraulic facturing that Barry wants stopped as well) in Pennsylvania are on PRIVATE LANDS. Barry and his boys, despite their best attempts, can't shut down drilling on private lands, although the EPA is trying really hard.
2. Since we can't drill at home, thanks to Barry, a lot of our oil still comes through the strait of Hormuz. Iran has threatened to shut it down and has held military exercises to do just that. Prices for insuring the tankers that traverse the strait has tripled and is on track to quadruple since Barry took office. Additionally, add to the fact that since Barry and his boys hate the military, the Navy is having to cut back their commitment to the anti-piracy patrols off of Ethiopia. Ooops... talk about unforeseen consequences. Six tankers full of oil sit in the waters off Ethiopia, their crews being held hostage.
3. Barry had THREE YEARS to study the Keystone pipeline BEFORE the Republicans in Congress added a requirement to make a decision BEFORE the election. Course, Barry didn't like it because he wanted to be a lame duck when he killed it (AND he had every intention to kill it). Now it's put him at odds with the very union members that he was hoping to carry him in November. It's a fine line to walk when you're trying to keep both the tree-huggers AND the union people happy.
And yesterday Chevrolet announced that it was suspending production of the Chevy Volt for a month because NO ONE IS BUYING THEM. Two more "green companies" that Barry and his boys championed have filed for bankruptcy. Millions in government loans to be forgiven so that 'investors' can be repaid instead of the government.
You Democrats have such a sterling record on energy...
drilling in the gulf has actually not been cut as you have complained.The emergency oil reserve is for an EMERGENCY, not to cover Obamination's ass when he's helped drive up oil prices by preventing drilling in the Gulf, Keystone, etc.
An emergency is a World War and huge natural disasters that affect the US economy, not economic policies by Democrats that drive up oil prices on purpose.
1. Barry and the boys in Washington HATE the oil and gas industry. Exploration and drilling on the contenental shelf, in the gulf, the tar shale in Utah, and else where on public lands has been stifled and virtually SHUT DOWN by this administration. The Democrats like to say that we are pumping MORE OIL during Barry's administration than during Bush's. Really nice fact if you're a total politcal hack. But the facts are that North Dakota, west Texas, and some wells being reopenned (thanks to hydraulic facturing that Barry wants stopped as well) in Pennsylvania are on PRIVATE LANDS. Barry and his boys, despite their best attempts, can't shut down drilling on private lands, although the EPA is trying really hard.
2. Since we can't drill at home, thanks to Barry, a lot of our oil still comes through the strait of Hormuz. Iran has threatened to shut it down and has held military exercises to do just that. Prices for insuring the tankers that traverse the strait has tripled and is on track to quadruple since Barry took office. Additionally, add to the fact that since Barry and his boys hate the military, the Navy is having to cut back their commitment to the anti-piracy patrols off of Ethiopia. Ooops... talk about unforeseen consequences. Six tankers full of oil sit in the waters off Ethiopia, their crews being held hostage.
3. Barry had THREE YEARS to study the Keystone pipeline BEFORE the Republicans in Congress added a requirement to make a decision BEFORE the election. Course, Barry didn't like it because he wanted to be a lame duck when he killed it (AND he had every intention to kill it). Now it's put him at odds with the very union members that he was hoping to carry him in November. It's a fine line to walk when you're trying to keep both the tree-huggers AND the union people happy.
And yesterday Chevrolet announced that it was suspending production of the Chevy Volt for a month because NO ONE IS BUYING THEM. Two more "green companies" that Barry and his boys championed have filed for bankruptcy. Millions in government loans to be forgiven so that 'investors' can be repaid instead of the government.
Senators David Vitter (R-LA), John Hoevan (R-ND), and Richard Lugar (R-IN) introduced the Strategic Petroleum Supplies Act, S. 2100
Bill Text - 112th Congress (2011-2012) - THOMAS (Library of Congress)
the Administration shall not authorize a sale of petroleum products from the Strategic Petroleum Reserve until the date on which all permits necessary for the Keystone XL pipeline project application filed on September 19, 2008 (including amendments) have been issued.
So, they're tying Obama's hands in case oil prices spike. They are saying that if Iran causes instability in the price of oil, Obama won't be able to do anything about it unless they get the pipeline first.
Yet another FINE example of how EXPENDABLE the money in YOUR wallet is to RepubliCONZ, as long as they get to stick it to ol Barry and reward their patrons, who cares what happens to American families?
Seems to me the issue is all about partisan politics and a continuation by Republicans to sabotage any (ANY) effort by Obama to mitigate the Bush Recession. Whether a release of the reserve will do anything to mitigate the economic misery of the American citizen is not the issue, the issue is the GOP's only vision is to capture the White House in November and the patronage that entails.
they need to capture the Senate.
Seems to me the issue is all about partisan politics and a continuation by Republicans to sabotage any (ANY) effort by Obama to mitigate the Bush Recession. Whether a release of the reserve will do anything to mitigate the economic misery of the American citizen is not the issue, the issue is the GOP's only vision is to capture the White House in November and the patronage that entails.
they need to capture the Senate.
Won't happen.
It's not even going to be close.
I would not be surprised at Dems taking back the house.
Especially in light of what Repubs have "accomplished".
HINT: It's even LESS than the DO NOTHING congress Truman ran against and WON!
The supply of world oil isn't meeting demand, so oil producers will sell their oil to who is sucking it down faster. Our slowing economy isn't the equal demand for oil like china +India, the world's most populated countries.
When the US economy picks up and demand increases, the key is the oil staying here or else the cost of gas in the US will climb more.
We are STILL selling 30% of the oil refined in the United States overseas. Please explain how preventing drilling drove up oil prices in the United States?
I'm sorry. I don't think you answered my question....
Agreed, but it's still an attempt to screw over Obama at the expense of the American citizen.Introducing a proposal in the Senate holds nothing hostage. Unless it is voted on by both houses of congress, and signed by the president, it is just an idea.
Agreed, but it's still an attempt to screw over Obama at the expense of the American citizen.Introducing a proposal in the Senate holds nothing hostage. Unless it is voted on by both houses of congress, and signed by the president, it is just an idea.
Senators David Vitter (R-LA), John Hoevan (R-ND), and Richard Lugar (R-IN) introduced the Strategic Petroleum Supplies Act, S. 2100
Bill Text - 112th Congress (2011-2012) - THOMAS (Library of Congress)
the Administration shall not authorize a sale of petroleum products from the Strategic Petroleum Reserve until the date on which all permits necessary for the Keystone XL pipeline project application filed on September 19, 2008 (including amendments) have been issued.
So, they're tying Obama's hands in case oil prices spike. They are saying that if Iran causes instability in the price of oil, Obama won't be able to do anything about it unless they get the pipeline first.
Yet another FINE example of how EXPENDABLE the money in YOUR wallet is to RepubliCONZ, as long as they get to stick it to ol Barry and reward their patrons, who cares what happens to American families?
Are you really this ignorant?
Agreed, but it's still an attempt to screw over Obama at the expense of the American citizen.Introducing a proposal in the Senate holds nothing hostage. Unless it is voted on by both houses of congress, and signed by the president, it is just an idea.
So you are saying to get prices down here, the US oil producers must sell their limited supply of oil to China and India and satisfy their demand while at the same time keeping the oil here to keep the price of gas from rising even higher.The supply of world oil isn't meeting demand, so oil producers will sell their oil to who is sucking it down faster. Our slowing economy isn't the equal demand for oil like china +India, the world's most populated countries.
When the US economy picks up and demand increases, the key is the oil staying here or else the cost of gas in the US will climb more.
Senators David Vitter (R-LA), John Hoevan (R-ND), and Richard Lugar (R-IN) introduced the Strategic Petroleum Supplies Act, S. 2100
Bill Text - 112th Congress (2011-2012) - THOMAS (Library of Congress)
the Administration shall not authorize a sale of petroleum products from the Strategic Petroleum Reserve until the date on which all permits necessary for the Keystone XL pipeline project application filed on September 19, 2008 (including amendments) have been issued.
So, they're tying Obama's hands in case oil prices spike. They are saying that if Iran causes instability in the price of oil, Obama won't be able to do anything about it unless they get the pipeline first.
Yet another FINE example of how EXPENDABLE the money in YOUR wallet is to RepubliCONZ, as long as they get to stick it to ol Barry and reward their patrons, who cares what happens to American families?
So, you're now arguing that the price of oil is influenced by supply?
Actually, I stand corrected. In my opinion, it's an attempt to screw over Obama. There's no real proof to back up my assertion.Agreed, but it's still an attempt to screw over Obama at the expense of the American citizen.Introducing a proposal in the Senate holds nothing hostage. Unless it is voted on by both houses of congress, and signed by the president, it is just an idea.
No it's an attempt to prevent using oil stored for national emergencies from being used as a substitute for a sane energy policy.
And BTW... I opposed it when Bush did it as well for the exact same reason.
Agreed, but it's still an attempt to screw over Obama at the expense of the American citizen.Introducing a proposal in the Senate holds nothing hostage. Unless it is voted on by both houses of congress, and signed by the president, it is just an idea.
Senators David Vitter (R-LA), John Hoevan (R-ND), and Richard Lugar (R-IN) introduced the Strategic Petroleum Supplies Act, S. 2100
Bill Text - 112th Congress (2011-2012) - THOMAS (Library of Congress)
the Administration shall not authorize a sale of petroleum products from the Strategic Petroleum Reserve until the date on which all permits necessary for the Keystone XL pipeline project application filed on September 19, 2008 (including amendments) have been issued.
So, they're tying Obama's hands in case oil prices spike. They are saying that if Iran causes instability in the price of oil, Obama won't be able to do anything about it unless they get the pipeline first.
Yet another FINE example of how EXPENDABLE the money in YOUR wallet is to RepubliCONZ, as long as they get to stick it to ol Barry and reward their patrons, who cares what happens to American families?
