Posted on 02/25/2012 5:03:50 PM PST by Sub-Driver
Democrats to Obama: Tap strategic oil reserve
By: Darren Goode February 25, 2012 06:26 PM EST
Gasoline prices are on a dramatic rise, and everybody's got advice for the White House.
No surprise, Republicans are reviving their "Drill, Baby Drill" catcalls from 2008, but liberals in Washington are getting nervous and asking President Barack Obama to tap into the Strategic Petroleum Reserve as a potential panacea for escalating gasoline prices.
Picking up on the themes of a speech he gave Thursday at the University of Miami, Obama used his weekly radio address Saturday to remind Americans of his view that if prices at the pump rise as expected in the coming months, “there are no quick fixes to this problem, and you know we can’t just drill our way to lower gas prices.”
He also warned that rising gas prices could hurt any economic recovery. While there is “no silver bullet that will bring down gas prices or reduce our dependence on foreign oil overnight … what we can do is get our priorities straight, and make a sustained, serious effort to tackle this problem,” Obama said.
The potential danger to the economy — and the president's reelection chances — have liberals urging the White House to unleash the SPR now, before it's too late. The national average for a gallon of unleaded gasoline was $3.65 on Friday, according to AAA.
“Selling reserve oil on the open market is the one step that we know will reduce oil and gasoline prices in the immediate term,” said Daniel Weiss of the Center for American Progress Action Fund. “Every time we sold reserve oil it has lowered oil and gasoline prices. We know it works.”
(Excerpt) Read more at politico.com ...
the dumb a$$ in the White House best hold on to this Nations reserve...
with the looks of the Middle East he will need it...
Never has our country been in such a terrible condition as it has been these past three years..
Every time the price of gasoline goes up they blame the price gougers, blame the speculators, blame the middlemen, make noise about price controls and talk about tapping the strategic oil reserve. Blah, blah, blah.
Wait, did he refill it since the LAST time he tapped it?
Hey, I didn’t hear a “harumph” out of you!
didn’t he just say that more oil wasn’t the solution??
votes, votes votes is what this is all about.
That would be really stupid. There is no shortage of supply and consumption is down.
Thank you
and
Thank you!
I love seeing libs in a panic on the weekend.
But then Bryan Williams and Andrea Mitchell would be mad!
Common Sense to Democrats: Tap the entire county’s oil supply then sell wheat to OPEC for $140 a sack.
IF he refills it after this proposed release, it will just be at whatever insanely high market prices a barrel of oil is being sold for, instead of the much cheaper oil it was filled with. When it drives us deeper into debt, Obama wont care as it is all about him.
Who didn’t see this coming? Raise your hand.
FUBO
did it ever recover from the last ‘tap’??
yet another strategic resource they want to deplete
Every day everything becomes more surreal. owebama has stated some of the most dumb-assed things I have ever heard coming from the mouth of an “adult” and no one in the left stream media seems to notice.
We are in for a hard ride boys and girls.
Newt has offered up the only viable answer for the short and middle term.
Anything short of that strategic approach is futile pandering.
Not to mention prolonging the cowardly and self-defeating ass-kissing of the muzrag enemy.
One trick ponies.
This is ALWAYS their solution to any gas price spike, and it parallels their approach to spending: Never mind about the future if there is any chance of buying votes now.
I just paid $4.45.9 in SoCal.
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