PLYMCO_PILGRIM
Gold Member
It's not an astute question...it's rank with amatuerish second hand speculationA very astute question.
What does releasing oil from the strategic oil reserve accomplish that allowing NEW permitting for oil wells, opening up anwar, and bringing in the keystone pipeline does not accomplish.
On top of that increasing our overall production would be a LONG term supply side solution, unlike this short term solution of releasing reserves (which we have to replace at a high price).
In the end what we truly need is more refineries, no matter how much oil we can produce our gasoline price is still hinged on supply and demand...without new refineries the supply will not go up.
I truly think the Obama admin is intentionally doing things to raise the price of fuel...why?
Times Tough for Energy Overhaul - WSJ.com
In a sign of one major internal difference, Mr. Chu has called for gradually ramping up gasoline taxes over 15 years to coax consumers into buying more-efficient cars and living in neighborhoods closer to work.
"Somehow we have to figure out how to boost the price of gasoline to the levels in Europe," Mr. Chu, who directs the Lawrence Berkeley National Laboratory in California, said in an interview with The Wall Street Journal in September.
[ame=http://www.youtube.com/watch?v=HlTxGHn4sH4]Obama: My Plan Makes Electricity Rates Skyrocket - YouTube[/ame]
Its not like obama didn't tell us he would do this
Where am I wrong?