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2011-03-08 Home Front: Politix

"Tapping stragegic oil reserves" is a diversion from poor politics

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Posted by gorb 2011-03-08 01:13|| || Front Page|| [6 views ] Top

#1 This is revenue raising pure and simple.

There is no physical shortage of oil, and releasing oil will have a minimal impact on the oil price.

Posted by phil_b 2011-03-08 04:45|| 2011-03-08 04:45|| Front Page Top

#2 Visual dyslexia? The picture invokes idea of patting, rather than tapping.

What a strategic reserve!

Posted by twobyfour 2011-03-08 05:30|| 2011-03-08 05:30|| Front Page Top

#3 Maybe stop the fall in the value of the dollar (i.e the state prints, borrows and spends less).

Posted by Bright Pebbles 2011-03-08 06:51|| 2011-03-08 06:51|| Front Page Top

#4 The visual is based upon a alleged German study that stipulates that by gazing at it for a period of time, male blood pressure will drop. This article will certainly cause some blood pressure to rise at the Burg, by selling security to cover for political ineptness.

Posted by Procopius2k 2011-03-08 06:52|| 2011-03-08 06:52|| Front Page Top

#5 There is no shortage of oil. Speculators are driving the price up. The SORs should be kept for that purpose. Open up drilling in the Gulf. Bring back jobs to the area at the same time. Obey the Federal judge's ruling. Open up drilling and nuclear and there will be plenty of energy in the good old USA.

Posted by JohnQC 2011-03-08 09:00|| 2011-03-08 09:00|| Front Page Top

#6 But that would not further Obama's ultimate goal JohnQC.

Posted by CrazyFool 2011-03-08 09:06|| 2011-03-08 09:06|| Front Page Top

#7 Speculators are driving the price up.

Since the speculative bust in 2008, don't forget that our government has been printing/creating money by the proverbial boatload. More dollars chasing the same oil supply.

Posted by Procopius2k 2011-03-08 09:20|| 2011-03-08 09:20|| Front Page Top

#8 Is it just an impression I have or is it always the Democrats who want to tap the Strategic Oil Reserve instead of preserving it for its intended purpose of getting us through a real crisis?

Posted by Ebbang Uluque6305 2011-03-08 11:46|| 2011-03-08 11:46|| Front Page Top

#9 Speculation played a much bigger role in the 2008 petro price spike than currently. There is real uncertainty among Muslim oil producers and the good old USA has been devaluing its dollar just as fast as it possibly can.
Every day the US refuses to put serious effort into decreasing its dependency on imported oil increases the amount of future pain it must endure.

Posted by Anguper Hupomosing9418 2011-03-08 12:40|| 2011-03-08 12:40|| Front Page Top

#10 Its my theory that having the SOR helps keep prices down; that is tap it and that card is played and, as said, it has to be refilled at some point.

Much more effective to start handing out permits or at least quite publically promote own energy policy. Those OPEC number crunchers keep the price as high as possible but lower than the perceived threat of the US/North America getting off the teat.

It makes good TV, but anything more than sound bites is ignorant or suicidal.

Posted by swksvolFF 2011-03-08 21:12|| 2011-03-08 21:12|| Front Page Top

#11 Its my theory that having the SOR helps keep prices down

That would be the wise play. Decide how much reserve is needed for national emergencies and use the overfill to smooth price fluctuations and reduce speculation. Fill low, tap high and even make a profit on the difference. No doubt that would pinch the rice bowl bowl of quite a few very rich and generous political contributors so the odds of it are nil.

Posted by Gloluse B. Hayes9343 2011-03-08 21:21|| 2011-03-08 21:21|| Front Page Top

00:07 JosephMendiola
23:53 USN,Ret
23:51 JosephMendiola
23:47 JosephMendiola
23:40 USN,Ret
23:23 JosephMendiola
23:06 CrazyFool
22:57 twobyfour
22:41 trailing wife
22:26 Fire and Ice
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22:13 Swamp Blondie
22:04 Procopius2k
22:02 Classical_Libera
21:53 Broadhead6
21:30 lotp
21:29 Halliburton - Mysterious Conspiracy Division
21:25 crosspatch
21:21 Gloluse B. Hayes9343
21:20 Angie Schultz
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21:16 swksvolFF
21:13 Gloluse B. Hayes9343