Citgo Republicans

[cranston36]

Citgo was provided with 250,000 barrels of oil from the Strategic Petroleum Reserve.
That is, the Federal government lent them the oil to refine into other products so that you and I can go motoring around during the summer and ensure that there is plenty of business at places like Diamond Head in South Carolina and also to make sure that our pizza and hamburger industries are kept healthy and strong.
What’s good for Ronald McDonald is good for America.
Then Citgo spilled nearly 50,000 barrels of oil into the Calcasieu Ship Channel in Louisiana.
There was little wind and sunny weather allowed some of the spill to evaporate. The rest sank to the bottom of the water.
David McCollum, a spokesman for Citgo said this, "If you have to have a spill, this is the weather you want."
That’s what he said.
If you have to have a spill.
When was the last time you had to have a spill?
The oil came from storage tanks along the shipping channel. Rain seems to have caused a failure of the pumps Citgo uses to keep rain from causing a failure.
Louisiana isn’t bothering to sample the seafood from the area.
The state said, "The most prudent action is not to consume dead fish, fish with oily residue or a petroleum odor and fish harvested directly from the oil spill-affected waters."
The Strategic Petroleum Reserve is intended for the defense of our nation.
The Republicans seem to have forgotten that.

 

[5stringJeff]

No company should receive oil from the SPR unless it's an actual emergency.

 

[GotZoom]

Here is the story. It actually doesn't sound unreasonable.

-----

Citgo to Receive Crude Oil Under Exchange Agreement After Dry Dock Collapse Blocks Ship Channel

Secretary of Energy Bill Richardson today ordered a limited exchange of crude oil from the Strategic Petroleum Reserve, the federal government's emergency inventory, to avert a possible shortfall in gasoline and diesel fuel from one of Louisiana's major refineries.

"It is imperative that we get oil to this refinery so that the American public gets the gasoline it needs this summer," said Secretary Richardson. "Any interruption of gasoline and diesel production from this large refinery would diminish already tight gas supplies and increase prices. The cooperative effort between the public and private sectors will help ensure that gasoline keeps flowing."

The first of 500,000 barrels of crude oil from the Strategic Petroleum Reserve's West Hackberry site near Lake Charles, Louisiana, will begin flowing Friday afternoon to the nearby Citgo refinery.

The refinery was cut off from normal tanker deliveries earlier this week when a commercial dry dock collapsed into the Calcasieu ship channel just north of the Intracoastal Waterway near Lake Charles. The channel is the primary route used by the refinery for incoming crude oil shipments. Without oil from the government's reserve, the refinery could have begun curtailing production as early as this weekend.

Gasoline and diesel fuel from the refinery are sent into the Colonial interstate pipeline that serves the Mid-Atlantic and New England regions, running as far north as New York and New Jersey.

Citgo approached the Energy Department with an exchange offer. Under the contract, the company agreed to resupply the Strategic Petroleum Reserve with an equivalent value of crude oil after the shipping lanes are reopened, which will result in a light increase in the number of barrels in the Strategic Petroleum Reserve.

The channel has been blocked to commercial traffic since midweek when a dry dock at the Halter-Calcasieu shipyard collapsed while lifting a vessel out of the water.

Initial attempts to refloat the dock were unsuccessful and the Coast Guard plans to use large cranes to carry out the salvage operation. This effort is expected to take several days.

The Energy Department's West Hackberry site contains 194 million barrels of crude oil, part of the 570 million barrel inventory currently stockpiled by the federal government in four storage sites along the Texas and Louisiana coasts. If necessary, oil can be drawn out of the site's underground storage caverns at a maximum rate of 1.3 million barrels per day.

The Energy Department also used its exchange authority in May 1996 when it exchanged 900,000 barrels with ARCO to address pipeline blockage problems.

http://www.fossil.energy.gov/news/techlines/2000/tl_spr_citgo.html

 

[5stringJeff]

That sounds much better, as longs as Citgo is going to repay what they get from the SPR.

 

[GotZoom]

That sounds much better, as longs as Citgo is going to repay what they get from the SPR.

I agree 100%.

Can you believe cranston left out certain parts of this story?

I'm shocked.

:rotflmao:

 

[JeffWartman]

Citgo was provided with 250,000 barrels of oil from the Strategic Petroleum Reserve.

And yet Democrats will still maintain that the GOP hasn't attempted to do anything to lower gas prices...

 

[Annie]

And yet Democrats will still maintain that the GOP hasn't attempted to do anything to lower gas prices...

I think he's talking about more recently:

http://www.energy.gov/3789.htm

http://www.rigzone.com/news/article.asp?a_id=33686

 

[nukeman]

I agree 100%.

Can you believe cranston left out certain parts of this story?

I'm shocked.

:rotflmao:

Cranston is a joke!! he post the same crap and half truths on a couple of boards. He copies himself word for word. I think all he does is sit around and :gross2:

thats on a good day..