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Obama, GOP Want To Sell Off 40 Percent Of US Strategic Oil Reserves To Fund Gov’t Programs
Daily Caller News Foundation ^ | 10/28/2015 | Michael Bastasch

Posted on 10/31/2015 5:45:29 PM PDT by UMCRevMom@aol.com

click here to read article


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To: Grams A
Selling our seed corn.

Exactly. Intentionally.

61 posted on 10/31/2015 6:57:21 PM PDT by FourPeas ("Maladjusted and wigging out is no way to go through life, son." -hg)
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To: Kickass Conservative
The days of needing the SOR are long past

The SPR is there for unforeseen emergencies in production anywhere - including domestically. It was originally paid for long ago - then under Clinton the pubbies voted to start selling it off when the price was low. The price of oil rose and we started restocking. Now that prices are low again we are selling. Buy high - sell low. That is how our GoPeeers do it.

62 posted on 10/31/2015 7:04:42 PM PDT by AndyJackson
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To: VTenigma

“$23 billion over ten years. You could sweep that much up off the House floor. Idiotic.”

Relax! It’s not like they’re going to turn around and give it to Iran to help them develop nuclear weapons. Sheesh!


63 posted on 10/31/2015 7:05:36 PM PDT by Typelouder
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To: AndyJackson

Oops, SPR. Getting old and can’t type worth a darn. LOL


64 posted on 10/31/2015 7:07:56 PM PDT by Kickass Conservative (Republicans hold Debates while Democrats hold Auctions.)
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To: AndyJackson

>>>Buy high - sell low<<<

Funny things like that happen when is isn’t THEIR Money.


65 posted on 10/31/2015 7:09:21 PM PDT by Kickass Conservative (Republicans hold Debates while Democrats hold Auctions.)
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To: UMCRevMom@aol.com

So...they’ve burned through the savings, maxed out the credit cards, and now they are selling off the family heirlooms...

Time for a divorce, IMO.


66 posted on 10/31/2015 7:11:11 PM PDT by PubliusMM (RKBA; a matter of fact, not opinion. 01-20-2017; I pray we make it that long.)
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To: tanknetter

Selling a fixed asset should go directly to paying down debt. It shouldn’t factor into the budget at all.


67 posted on 10/31/2015 7:12:16 PM PDT by JediJones (The #1 Must-see Filibuster of the Year: TEXAS TED AND THE CONSERVATIVE CRUZ-ADE)
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To: Paladin2

I heard a short while ago that some wealthy person paid the ransom for the art, so for now it is safe.


68 posted on 10/31/2015 7:13:38 PM PDT by Slyfox (Will no one rid us of this meddlesome president?)
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To: Slyfox

Sitting on 90% of it doesn’t sound like Social Justice to me.....


69 posted on 10/31/2015 7:14:59 PM PDT by Paladin2 (my non-desktop devices are no longer allowed to try to fix speling and punctuation, nor my gran-mah.)
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To: UMCRevMom@aol.com

sold to who?....what are all those goofy symbols in the text of the article???


70 posted on 10/31/2015 7:20:42 PM PDT by terycarl (COMMON SENSE PREVAILS OVER ALL)
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To: jim_trent

Is Obama telling the truth?

This sounds like another demonratic lie


71 posted on 10/31/2015 7:23:11 PM PDT by Fai Mao (Genius at Large)
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To: terycarl

For some silly techie reason “Quotation marks” within an article change to goofy symbols!


72 posted on 10/31/2015 7:33:50 PM PDT by UMCRevMom@aol.com
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To: Will88

I believe our debt is backed by real estate and our 401Ks.


73 posted on 10/31/2015 7:33:55 PM PDT by stevio (God, guns, guts.)
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To: UMCRevMom@aol.com
... $23 billion.

Ludicrous.

The Feds spend that every two-and-a-half days.

74 posted on 10/31/2015 7:42:31 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: UMCRevMom@aol.com

It’s called strategic for a reason.
It’s in case of war.


75 posted on 10/31/2015 7:42:35 PM PDT by BuffaloJack (Political Correctness is Suppression of Free Speech. Thank the Commies for Political Correctness.)
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To: UMCRevMom@aol.com
the felcher will sell it ALL before it's over
76 posted on 10/31/2015 7:43:20 PM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -w- NO Pity for the LAZY - Luke, 22:36)
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To: UMCRevMom@aol.com

Buy high,sell low. Govt at its best............

Not to mention the obvious war clouds on the horizon. Not a smart idea.


77 posted on 10/31/2015 7:50:10 PM PDT by Finalapproach29er (luke 6:38)
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To: Will88; flaglady47; mickie; pax_et_bonum; seekthetruth; Bob Ireland
"How long before these incompetent fools try to sell Alaska to China?"

Sell Alaska to China?

NEVER!!!

Sell New York City back to the Indians for $24?

Maybe.....

Leni

78 posted on 10/31/2015 7:50:58 PM PDT by MinuteGal
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To: UMCRevMom@aol.com

WTF - buy high sell low?


79 posted on 10/31/2015 7:58:00 PM PDT by 11th_VA ("We're not gonna take it ANYMORRRRRE !!!")
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To: P.O.E.

“communist programs” per chance?


80 posted on 10/31/2015 8:04:10 PM PDT by jsanders2001
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