Rush: Obama Aims to Release Oil to Make Himself Hero

http://www.newsmax.com ^ | March 15, 2012 | Michelle Lopata

[NKP_Vet]

"Even though Obama consistently has opposed domestic oil drilling, he now says he will tap the Strategic Petroleum Reserve to play the hero and save his re-election campaign, Limbaugh said on his radio show on Thursday.

“Obama has just announced that the United States and Britain are going to release oil from their strategic reserves,” Limbaugh said. “This is going to have absolutely no impact whatsoever. It is a purely political move from the guy who says we can’t drill....."

“The purpose of the strategic oil reserve is to provide the nation an emergency capacity,” Limbaugh said. “We don’t have an emergency, other than Obama’s re-election is in trouble. That’s the emergency. There is no shortage of oil. The emergency is the price of gasoline going up and the toll that is taking on Obama’s approval numbers. That’s the emergency.”

[AU72]

I will welcome a closing of the Persian Gulf this summer jack gas up over 7$ a gallon and thus jack Barry out of the WH.

[SumProVita]

This will simply increase the *INEPT* facet of his image.

[TigersEye]

Limbaugh said. “We don’t have an emergency, other than Obama’s re-election is in trouble. That’s the emergency."

Maybe, Rush. Or maybe he wants us to be weak.

[duffee]

$7.00 gas would also cause me to lose weight and resort to thinning out our local squirrel population, three good things.

[ryderann]

“Or maybe he wants us to be weak.”

My very first thought when I heard about it. He’s attempting to make us vulnerable...spending our bombs and missiles in Libya, now draining our fuel.

[molson209]

The Dems really hate all that oil just sitting there ,when you can sell it for some spending money

[FrankR]

[Leep]

Quick, somebodhy call the FBI ..the US is being held hostage by a radical subversive!

[TigersEye]

Right when things are coming to a head between Israel and Iran.

[NoLibZone]

Last week he blocked a meg us hue increasing in oil supplies bu stopping the Key Stone pipeline.

This week he wants to use strategic oil reserve to buy votes.

Yes the DNC agrees with us that increased supplies lowers prices!

[NoLibZone]

Last week he blocked a mega huge increase in oil supplies by stopping the Key Stone pipeline.

This week he wants to use strategic oil reserve to buy votes.

Yes the DNC agrees with us that increased supplies lowers prices!

[LibFreeUSA]

Rush is so right. There is absolutely no national emergency, but there is definitely an ‘Obama emergency’ with his re-election chances. He is using the nation’s oil reserve like his own election personal Super Pac. This should be an ‘impeachable offense’!

[nc28205]

>>>“Obama has just announced that the United States and Britain are going to release oil from their strategic reserves,” Limbaugh said.

When did Obama announce this?

[FreeAtlanta]

I am expecting oBozo to release oil and to try to put in price controls.

Can he put in price controls with executive order? I know the constitution seems to be less than a speed bump to the jerk, but surely he can’t do this? Did Carter use executive order or go through congress?

[Buckeye McFrog]

Clinton did the same thing. The truth is the Strategic Petroleum Reserve exists only to bail Democrats out of their political troubles.

[FreeAtlanta]

Clinton did the same thing. The left will scream about Bush, but except for the response to the Katrina crisis, his had loans where the oil companies had to replace the oil, and those were small compared to the top 3 Democrat Drawdowns..

SPR drawdowns

Petroleum sales

• 1985 - Test sale - 1.1 million barrels (170,000 m3)
• 1990/91 - Desert Storm sale - 21 million barrels (3,300,000 m3)
• 4 million in August 1990 test sale
• 17 million in January 1991 Presidentially-ordered drawdown
• 1996-97 total non-emergency sales for deficit reduction - 28 million barrels (4,500,000 m3)
• July–August 2000 - 2.8 million barrels (450,000 m3) to supply the Northeast Home Heating Oil Reserve.
• September–October 2000 - 30 million barrels (4,800,000 m3) in response to a concern over low distillate levels in the North-eastern U.S.
• 2005 - Hurricane Katrina sale - 11 million barrels (1,700,000 m3) Katrina shut down 95% of crude production and 88% of natural gas output in the Gulf of Mexico. This amounted to a quarter of total U.S. output. About 735 oil and natural gas rigs and platforms had been evacuated due to the hurricane.
• 2011 - Arab Spring sale - 30 million barrels (4,800,000 m3) non-emergency sale to offset disruptions caused by political upheaval in Libya and elsewhere in the Middle East. The amount was matched by IEA countries, for a total of 60 million barrels (9,500,000 m3) released from stockpiles around the world.

Petroleum exchanges and loans
Note: Loans are made on a case-by-case basis to alleviate supply disruptions. Once conditions return to normal, the loan is returned to the SPR with additional oil as interest.

• April–May 1996 - 900,000 barrels (140,000 m3) lent to ARCO to alleviate pipeline blockage.
• August 1998 - 11 million barrels (1,700,000 m3) lent to PEMEX in return for 8.5 million barrels (1,350,000 m3) of higher quality crude.
• June 2000 - 1 million barrels (160,000 m3) lent to Citgo and Conoco in response to shipping channel blockage.
• July–August 2000 - 2.8 million barrels (450,000 m3) to supply the Northeast Home Heating Oil Reserve.
• September–October 2000 - 30 million barrels (4,800,000 m3) in response to a concern over low distillate levels in the North-eastern U.S.
• October 2002 - 296,000 barrels (47,100 m3) lent to Shell Pipeline Company in advance of Hurricane Lili.
• September–October 2004 - 5.4 million barrels (860,000 m3) lent to Astra Oil, ConocoPhillips, Placid Refining, Shell Oil Company, and Premcor after Hurricane Ivan.
• September–October 2005 - 9.8 million barrels (1,560,000 m3) lent to ExxonMobil, Placid Refining, Valero, BP, Marathon Oil, and Total S.A. after Hurricane Katrina.
• January–February 2006 - 767,000 barrels (121,900 m3) lent to Total Petrochemicals USA due to closure of the Sabine Neches ship channel to deep-draft vessels after a barge accident in the channel.[18]
• June 2006 - 750,000 barrels (119,000 m3) of sour crude lent to ConocoPhillips and Citgo due to the closure for several days of the Calcasieu Ship Channel caused by the release of a mixture of storm water and oil. Repaid in early October 2006.
• September 2008 - 250,000 barrels (40,000 m3) loaned to Citgo because it could not secure crude oil in the aftermath of Hurricane Gustav.
• September 2008 - 130,000 barrels (21,000 m3) loaned to Placid Refining's Port Allen refinery and 250,000 barrels (40,000 m3) loaned to Marathon Oil due to disruptions from Hurricane Gustav.

[Malone LaVeigh]

Just curious ... When oil from the reserve is released doesn’t it have to be replaced at some point? When it is, I would imagine it’s at the current market value. Who pays for that, the taxpayers? So the price at the pump drops a little but the cost of replacing it adds to the deficit?

[BigLittle]

What doesn’t he sell it to Occidental Petroleum, like Clinton and Gore did with Elk Hills, and make himself some long green money like they did.

[BigLittle]

What doesn’t he sell it to Occidental Petroleum, like Clinton and Gore did with Elk Hills, and make himself some long green money like they did.

[BigLittle]

2. Go To Mosque
4. Go To Mosque
6. Go To Mosque
8. Pretend to Go To Church

Fixed

[raccoonnookkeeper]

This isn’t going to dampen oil prices at all. It’ll sell out at the current price.

[outofstyle]

This was absolutely predictable. The only surprising thing is the timing. I expected it about 8/15. Their polling must be grim. Look for the Bin Laden death photos to be “leaked” in the next few months.

[clearcarbon]

Did comrade obama replace the last oil he sucked out of the SPR or would an oil-gauge-on-empty speech be his December surprise?

[eyedigress]

So Obama says more drilling does nothing yet plans to do the same thing by providing more oil. My goodness are not liberals complete MORONS!

[garjog]

“no national emergency, but there is definitely an ‘Obama emergency’ with his re-election chances”

The WH denies the deal with the Brits.

I wonder if Obama is planning to attack Iran around October and he needs to make sure our ally the UK is able to endure no gas for a while?

Could this be a tip off for coming war?

[Rome2000]

Oh there's an emergency all right.

It's called universal suffrage, and this Republic will most assuredly fall because of it.