THE US Strategic Petroleum Reserve (SPR) Thread (merged)

[AlexdeLarge]

What an idiot!

But it is most likely a cheap pander for votes.

Change we can believe in! Change.....you better believe it!

[AlexdeLarge]

Double Post

[smallpoxgirl]

Wait. I'm sorry. Did I miss something? I thought oil prices were high because of speculators. Haven't they been rattling on about how there's plenty of oil and it's just speculators driving it up? Which one is it?

[The_Toecutter]

I call for Michael Jackson to tap Nancy Pelosi's ass in front of congress.

[TreeFarmer]

Toe, I almost went blind after reading your last post. Mentally blind would have at least spared me the mental imagery.

TF

[AlexdeLarge]

I call for Michael Jackson to tap Nancy Pelosi's ass in front of congress.

I give up! With that visual in my head.............I am now a Doomer! The end can't get here fast enough! LOL

[Plantagenet]

OK Folks, grandma Pelosi and grandpa Reid are running the show and their approval rates are now in the single digits.

So, heres an idea to boost their ratings! Let's tap into the US reserves so they can still fly their private jets back and forth to Cali and NV. Or, maybe they should ride Amtrak back and forth and thus keep the reserve. OK, just a thought.....

Its worse then that.

Pelosi threw a fit when she became speaker.....Pelosi forced the military to assign her a giant military jet capable of flying her non-stop between DC and San Francisco without having to stop for refueling.......Queen Nancy doesn't want to have to get off her giant jet and get her feet dirty anywhere in "flyover" country.

[Plantagenet]

Maybe there is a silver lining here....maybe Queen Nancy is starting to understand that "supply and demand" plays a role in determining oil prices.......

Unfortunately her idea of increasing supply is to draw down the nation's strategic petroleum reserve.

[jbrovont]

Agreed. Besides, as I understand it, fuel prices are still lagging behind oil prices as they work through inventories. Am I correct here? With gas prices being more dependant on refining capacity - l don't see how releasing the SPR will have any kind of short term affect on fuel prices, and thus the economy.

I can see how it would cause an artificial low for the big boy traders to jump in and make another killing on "speculation." I put that in quotes because I don't really see the rise in price of a necessary and finite resource as a guess.

So really, I just see this as yet another attempted abuse and theft of what should be a resource reserved for an emergency when it's _needed_. Not for when wallstreet banks realize they need another run at milking us to raise enough capital to not become insolvent.

Pelosi: -1.

I'm sure this wasn't Pelosi's intent, but we should setoff the
SPR and use the funds to subsidize renewables.

Our problem is not oil or energy, it's finiteness.
It's begging the question, avoiding reality to think otherwise.

Our problem is too many people. Overshoot.

Back on topic- the SPR will be very necessary in the event of another hurricane hitting the GOM or other events. It shouldn't be used for political gain. Shame on the Dems. Bunch of enviro posers.

[dinopello]

In my opinion, there isn't much difference between tapping the SPR and drilling in ANWR, offshore or any other place in the US. All those are reserves and they are all strategic. The only question is to use them up now or save it for later.

[AlexdeLarge]

[Plantagenet]

In my opinion, there isn't much difference between tapping the SPR and drilling in ANWR, offshore or any other place in the US. All those are reserves and they are all strategic. The only question is to use them up now or save it for later.

There are significant differences.

The SPR is artificial. The US government has filled a geologic structure with oil purchased on the open market, to create a strategic oil reserve that can be tapped immediately. If there is a national emergency caused by a sudden disruption in fuel supplies, it provides a safety net.

In contrast, ANWR is a natural, geologic oil reservoir. It is in an area closed by Congress to all oil exploration. To use the oil in ANWR would require (1) a vote by congress to remove their ban (2) the president would have to sign it.....Clinton vetoed the bill to open ANWR when Congress last got it through 10 years ago, and (3) 5-10 years of drilling and infrastructure construction to get the oil out.

Pelosi and the other short-sighted nitwits in Congress are playing games with the SPR to win a few votes now, but so far the only long range national oil policy they have proposed is to sue OPEC and blame evil speculators for high oil prices..

[Kingcoal]

You guys are over complicating this, it's just simply politics. Pelosi is asking Bush to open the SPR because she knows he won't do it. Simple finger pointing in a climate where the average Joe is enraged by what he perceives to be a do nothing Congress.

[dinopello]

The SPR is artificial.

Thanks for the clarification. I thought there was real oil in there.

[smallpoxgirl]

In my opinion, there isn't much difference between tapping the SPR and drilling in ANWR, offshore or any other place in the US. All those are reserves and they are all strategic. The only question is to use them up now or save it for later.

Yeah. Like Plantagenet said, the big difference is time span. Getting actual oil out of ANWR would take a long time. In 5 to 10 years, this thing will already have come to a head.

[Plantagenet]

The SPR is artificial.

Thanks for the clarification. I thought there was real oil in there.

It is "real oil" but the reserve is not a natural geologic deposit. The oil was placed in the reserve artificially.

The word "artificial" means something which is not natural. The word is related to artifact and artifice, and refers to any product of human endeavor.

Cheers!

[dinopello]

nevermind

[frankthetank]

Sometimes i get the feeling a hardcore dictator would work better then the current bunch of clowns we have running this circus.

[Specop_007]

In my opinion, there isn't much difference between tapping the SPR and drilling in ANWR, offshore or any other place in the US. All those are reserves and they are all strategic. The only question is to use them up now or save it for later.

Yeah. Like Plantagenet said, the big difference is time span. Getting actual oil out of ANWR would take a long time. In 5 to 10 years, this thing will already have come to a head.

Nah, I bet we could be ripping oil out of ANWR in under a year if we had "full steam ahead". Not that it would do much good mind you.