THE US Strategic Petroleum Reserve Thread

Eli · Posted: Tue May 13, 2008 11:42 am Post subject: Re: SPR Cutoff

Brilliant reaction to a longterm problem, what a bunch of Fark.

jimmyz · Posted: Tue May 13, 2008 11:42 am Post subject: Re: SPR Cutoff

I'm sure someone else will be happy to by it.

joeltrout · Light Sweet Crude Joined: Sep 19, 2007 Posts: 1317

It only makes sense because politicians mainly focus on the here and now because they will probably be out of office when the nation needs the SPR reserves. If they can make people happy now then that is what counts.

I think it is absolutely stupid to stop filling the SPR. You would think high price would help poeple realize that supply is somewhat tight and maybe we should reserve as much supply as possible while we still can.

joeltrout

Plantagenet · Posted: Tue May 13, 2008 11:58 am Post subject: Re: SPR Cutoff

"In the short run...we can stop putting oil underground and put some downward pressure on gas prices and oil prices," said Democrat Byron Dorgan, the main sponsor of the proposal. "When the American consumer is being burned at the stake by high gas prices this government ought not be carrying the wood. It's just that simple."

Separately, the Senate rejected a broader Republican energy measure that in addition to stopping oil deliveries to the reserve would have allowed oil drilling in the Arctic National Wildlife Refuge and off coastal states where energy exploration is now banned.

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Byron Dorgon thinks he is putting "downward pressure" on gas and oil prices by cutting off the tiny fraction of oil that goes into the SPR......is he really that stupid or does he just not know anything about mathematics and economics?

Shannymara · Master Joined: Oct 04, 2004 Posts: 5438 Location: Oklahoma

peasea · Tar Sands Joined: Jul 26, 2007 Posts: 48

......is he really that stupid or does he just not know anything about mathematics and economics?

erm, let me guess now .....

no not stupid but yes to being uneducated

actually do we know if he's a right wing fundie?

that would explain a lot ....

Wink

P.

IanC · Posted: Tue May 13, 2008 12:06 pm Post subject: Re: SPR Cutoff

Agreed. I think they should fill the SPR to the top, then add more tanks and fill those to the top. We'll need that oil in the future for emergencies. I am a little worried though about who will determine what constitutes and emergency and how they will use the SPR to alleviate it. My imagination gets away from me.

-Ian

Plantagenet · Posted: Tue May 13, 2008 12:07 pm Post subject: Re: SPR Cutoff

Plantagenet · Posted: Tue May 13, 2008 12:11 pm Post subject: Re: SPR Cutoff

"The Senate voted on Tuesday to suspend oil deliveries to the country's Strategic Petroleum Reserve until crude prices fall below $75 a barrel, repudiating the Bush administration's policy of boosting the stockpile at time of record oil and gasoline prices."

---NY TIMES

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Dorgon's bill doesn't just stop filling the SPR now. It would block any additional oil going into the SPR until oil falls to below $75/barrel.

Since oil isn't likely to go below $75 per barrel ever again, Dorgan's bill would mean that the SPR could never legally receive another drop of oil and so would never be filled.

heroineworshipper · Posted: Tue May 13, 2008 12:11 pm Post subject: Re: SPR Cutoff

Guess they'll fill it with $500 oil.
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Plantagenet · Posted: Tue May 13, 2008 12:12 pm Post subject: Re: SPR Cutoff

Atlantean_Relic · Posted: Tue May 13, 2008 12:15 pm Post subject: Re: SPR Cutoff

So, now they seen fit to screw us in any upcoming short term disasters too.
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Plantagenet · Posted: Tue May 13, 2008 12:45 pm Post subject: Re: SPR Cutoff

"Supporters of the bill say it could save consumers more at the pump. A statement from Speaker of the House Nancy Pelosi, D-Calif., said it could bring down gas prices by as much as 24 cents a gallon.

--CNN

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I wonder where Nancy Pelosi got that number? Did she just make it up? Leading economists say the SPR move will have only a small effect---at most a few pennies per gallon.

Cashmere · Light Sweet Crude Joined: Mar 27, 2008 Posts: 1971

Who was the one no vote?
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Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group.