bratticus wrote:In other words, unless the president approves Keystone, he cannot sell our emergency oil — even if Iran causes an oil supply disruption in the Strait of Hormuz, a hurricane or other disaster disables oil production or refining facilities, or any other type of event causes gasoline prices to soar above $4 per gallon.
So a stupid, clearly political move aimed at currying favor with some voting bloc is countered by another even MORE stupid political move aimed at currying favor with another voting bloc. Another normal event in the madhouse that is Capitol Hill...
And you're surprised? Worse, you are going to complain only about ONE side of the stupidity of it all? Give me a break.
The SPR should be there for TRUE emergencies/shortages, as a long term STRATEGIC asset. NOT as a game to gin up votes when gasoline goes above price X but there is no real supply issue (i.e. an EMERGENCY). To me, post Katrina is the ONLY event in recent years even coming close to that state of affairs.
Also, if you're so concerned about a reliable U.S. oil supply, approving Keystone would be a good step in that direction. But no, let's ignore logic and only complain about one aspect of political maneuvering. Yes, that'll help.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.