Posted on 03/15/2012 9:52:43 AM PDT by GlockThe Vote
I do not believe that we should use the strategic oil reserves at this point. I have said and, in fact, supported a congressional resolution that said that we should suspend putting more oil into the strategic oil reserve, but the strategic oil reserve, I think, has to be reserved for a genuine emergency. You have a situation, let’s say, where there was a major oil facility in Saudi Arabia that was destroyed as a consequence of terrorist acts, and you suddenly had huge amounts of oil taken out of the world market, we wouldn’t just be seeing $4-a-gallon oil. We could see a situation where entire sectors of the country had no oil to function at all. And that’s what the strategic oil reserve has to be for.
(Excerpt) Read more at hotair.com ...
He needs to be exposed every second for his lies.
Obama has already done this in June 2011 when he “ordered” released 30 million barrels...we have seen the results.
This is one thing GW refused to do, release oil during his reelection when gasoline was sky-rocketing.
The communists leaked this BS to up the Market. Every lie has to help our communists leader King Obama.
Obama will tap the strategic oil reserve for a real emergency, winning the election.
baraq tapped the strategic oil reserve last june.
Did he replenish it? doubt it.
Now he is going to tap it again.
More weakening of our strategic reserves.
And you'd be right.
The Obama administration released 30 million barrels last June.
The SPR is still 30 million barrels short of full.
Can we at least rename the Strategic Reserve the Declining Poll Numbers Reserve?
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