THE US Strategic Petroleum Reserve Thread

Volcanic21 · Coal Joined: Jan 28, 2008 Posts: 19

-deleted, beat to the punch-

Revi · Fusion Joined: Apr 25, 2005 Posts: 3112 Location: Maine

The Senate just decided that it's too expensive to keep filling the SPR:

http://ap.google.com/article/ALeqM5imPz0z6szykAL-CAKZDEZOAiDREgD90KSK081

I think it will be more expensive when we run out of oil next winter.

It may not even help the price of oil. Bush may veto it, and I have to say that this is the first time I agree with him on anything.
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Deep in the mud and slime of things, even there, something sings.

green_achers

This is the one issue he's been pretty consistently right about IMO. For the wrong reasons, I'm sure...
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WWJD? What would Joel Salatin do?

Revi · Fusion Joined: Apr 25, 2005 Posts: 3112 Location: Maine

We're really in trouble now. When will oil hit $75 a barrel again? What is the matter with these people? Who voted them in to office? I hope that some congresspeople have more sense than the senators. I know Roscoe Bartlett will vote no, anyway.
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Deep in the mud and slime of things, even there, something sings.

emersonbiggins

This move by Congress, like most lately, is framed as if the runup in oil prices is a temporary phenomenon. I am guessing $75/bbl is considered the "just price" for oil by Congress (and the American public?), and the price above and beyond that is just due to those greedy speculators Rolling Eyes

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UncoveringTruths · Intermediate Crude Joined: Nov 04, 2004 Posts: 851

If we have an oil crisis these folks will look like kooks.

Wait are we in an oil crisis? eusa_shifty

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It's a cold cold world when a man has to pawn his shoes.

baha

Doesn't the president have sole control over the SPR? Is there anyway congress can force him to stop filling?

This is the one issue where Bush is right to keep filling. I'm sure he has inside info that says peak oil is here and that is why he insists on continuing.

Of course the consumer will never see any of this oil. It will be used by the military when TSHTF. You know we will have to eventually invade Venezuella and the rest of the middle east. If they are busy waging war maybe they'll leave me alone!!!
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Plantagenet

Plantagenet

While congress is just pandering to our ~~citizens~~ consumers, as Shanny elegantly put it, their new law to suspend SPR filling until oil drops below $75/barrel probably doesn't hurt anything.

The SPR is 96% full now.

Dreamtwister · Fission Joined: Feb 06, 2006 Posts: 2092

This is good enough to be classified as black comedy. Seriously, I'm laughing so hard right now.
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The whole of human history is a refutation by experiment of the concept of "moral world order". - Friedrich Nietzsche

Plantagenet

"The action, supported by the Democratic and Republican presidential candidates, comes as high fuel costs have contributed to the nation's economic woes and become a hot issue on the campaign trail. It could be the only legislation that Congress passes this year in response to public angst at the fuel pump because of the parties' differences over energy issues. ---CNN

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Its pretty funny and a bit sad too.... Cool

So this bill is the Congress's response to peak oil and the high oil prices.

This is their energy plan devised to deal with high energy prices...this is what we get from the US Congress as oil goes higher and higher.

No electric train systems, no nukes, no offshore drilling, no Manhattan project for energy, no crash programs......this is the new policy.

This is it.

mefistofeles · Heavy Crude Joined: Mar 21, 2005 Posts: 155

This sounds like the third film in the dumb and dumber series. Dumb and Even Dumber US Energy policy.

kpeavey · Expert Joined: Oct 04, 2004 Posts: 1127

Being an election year, I see this as trolling for votes, nothing more. Put a band aid on the gushing wound, get back to important issues.
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If you want a picture of the future, imagine a boot stamping on a human face--for ever."
-George Orwell, 1984

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Accept the Facts.

frankthetank

Last week refineries were only running at 85%... What is this going to help with gasoline? Maybe congress should pass a law mandating refineries operate at a loss! Smile

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"Oil is going up because we use too much oil, and the capacity to replace reserves is dwindling"
-President Bush 11/07/07