Senate vote to suspend SPR refilling

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: 1055

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.

Plantagenet · Posted: Tue May 13, 2008 12:57 pm Post subject: Re: SPR Cutoff

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

-deleted, beat to the punch-

Revi · Fusion Joined: Apr 25, 2005 Posts: 3052 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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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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Revi · Fusion Joined: Apr 25, 2005 Posts: 3052 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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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: 822

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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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: 2011

This is good enough to be classified as black comedy. Seriously, I'm laughing so hard right now.
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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.