Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

White House to release petroleum reserves
MSNBC ^ | August 31, 2005

Posted on 08/31/2005 4:33:08 AM PDT by BulletBobCo

click here to read article


Navigation: use the links below to view more comments.
first previous 1-20 ... 81-100101-120121-140 ... 161-169 next last
To: IrishGOP

And if they don't want oil prices bid up on the world market, tell them to stop buying cheap Chinese shirts, shoes, and other junk and enriching that (and other) nation(s) to the point where their people can afford gasoline using vehicles.


101 posted on 08/31/2005 6:23:37 AM PDT by xzins (Retired Army Chaplain and Proud of It!)
[ Post Reply | Private Reply | To 20 | View Replies]

To: Happy2BMe
Doesn't anybody wonder why this country has less than five major oil refineries?

I wonder why you would think that is true?

Refiners' Total Operable Atmospheric Crude Oil Distillation Capacity as of January 1, 2005

102 posted on 08/31/2005 6:27:13 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 9 | View Replies]

To: mewzilla
If the pols really want to do something and do it PDQ, why don't they just lower federal gas taxes?

The price is a product of the limited supply vs high demand. The price is high because consumers will pay it. Remove the tax and the price will remain basically the same but the difference will go to the supplier. The ONLY way to lower prices is to increase supply. Basic Economics 101.

103 posted on 08/31/2005 6:30:57 AM PDT by CMAC51
[ Post Reply | Private Reply | To 14 | View Replies]

To: tomahawk
It's a "Strategic" Petroleum Reserve designed for wartime, not hurricanes.

Your documentation for that statement? Is it specified in writing that it is for wartime only, and not other national emergencies?

btw, this IS wartime.........but it is also a national emergency.

It qualifies on all counts.

104 posted on 08/31/2005 6:31:47 AM PDT by ohioWfan (If my people which are called by my name will humble themselves and pray......)
[ Post Reply | Private Reply | To 28 | View Replies]

To: stevie_d_64
We got all the oil we need coming in...Its the refining of that product to what we can use that is driving up the cost...

The oil is still the biggest cost component of gasoline.

105 posted on 08/31/2005 6:35:05 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 50 | View Replies]

To: Falcon4.0

$3.00 a Gallon is the price you pay for ANWR! Start drilling or Stop Whinning!

Whinning is for horses - I think you mean "Whining"...


106 posted on 08/31/2005 6:37:38 AM PDT by COBOL2Java (Many Democrats are not weak Americans. But nearly all weak Americans are Democrats.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: elcid1970

"There was nothing left to do but vastly increase the amount of time spent in the bedroom."


DUDE, that is soooo hippy.


107 posted on 08/31/2005 6:38:21 AM PDT by varyouga (Reformed Kerry voter (I know, I'm a frickin' idiot))
[ Post Reply | Private Reply | To 48 | View Replies]

To: ohioWfan

Our oil supplies are not down because of the Iraq war.

By tapping the reserves now, should we need to take out Iran's nuke program later this year or early next, and the Persian Gulf shuts down, then you will see a real oil supply problem.


108 posted on 08/31/2005 6:39:04 AM PDT by tomahawk (Proud to be an enemy of Islam (check out www.prophetofdoom.net))
[ Post Reply | Private Reply | To 104 | View Replies]

To: BulletBobCo
CONSERVATION.

I've got an idea, why don't we increase the conservation of this particular commodity by making its use less expensive....(CAFE). sarcasm-/>

109 posted on 08/31/2005 6:40:01 AM PDT by wayoverontheright
[ Post Reply | Private Reply | To 1 | View Replies]

To: watsonfellow
The Feds and states that tax gas should also consider eliminating those taxes for a period of time.
110 posted on 08/31/2005 6:41:34 AM PDT by b4its2late (He who laughs last thinks slowest.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Falcon4.0
Here's my new bumper sticker.

$3.00 a Gallon is the price you pay for ANWR!
Start drilling or Stop Whinning!Mind if I adapt that for a tagline?

Mind if I borrow that for a tagline?

111 posted on 08/31/2005 6:42:03 AM PDT by steveegg (Real torture is taking a ride with Sen Ted "Swimmer" Kennedy in a 1968 Oldsmobile off a short bridge)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Tatze
The DUmmies are just hilarious. First the scream to release oil from the SPR to lower prices. Then Bush does it, and the scream bloody murder. I really shouldn't be surprised though.

etherealtruth (1000+ posts) Wed Aug-31-05 08:07 AM
3. No where!
There is not adequate refining capacity: http://www.washingtonpost.com/wp-dyn/content/article/2005/06/15/AR2005061502252.html

At least they finally recognize that we need refineries. But it's thier fault (the enviro-whackos) that there hasn't been a new refinery built in decades.

MercutioATC (1000+ posts) Wed Aug-31-05 08:30 AM
4. BAD idea.
The strategic reserve isn't meant to be used to artificially lower oil prices. What we're seeing is an issue of supply and demand. The situation will never correct itself if we do things like this.

And in the immortal words of PJ-Comix, this DUmmies almost wins a Kewpie Doll for a moment of mental clarity. I say almost, because while it is true that we shouldn't release oil to lower prices, this move is actually to head off a shortage. Now if only they could keep their stories straight. Prior to this, the DUmmies have been calling for releasing oil from the SPR specifically to lower prices.

I need to go take a shower.

112 posted on 08/31/2005 6:54:36 AM PDT by Tatze (I voted for John Kerry before I voted against him!)
[ Post Reply | Private Reply | To 97 | View Replies]

To: clifcrds

Nope, they are saving up for the billions it'll cost 'em to hire the army of lawyers they'll need to battle the leftist environmental nutjobs in court.


113 posted on 08/31/2005 6:56:11 AM PDT by GLH3IL (What's good for America is bad for liberals.)
[ Post Reply | Private Reply | To 41 | View Replies]

To: tomahawk
Please answer my initial question.

What is your documentation that only war is a reason to open the supply, and that a natural disaster in the midst of a lengthy, oil consuming war doesn't qualify?

114 posted on 08/31/2005 7:04:26 AM PDT by ohioWfan (If my people which are called by my name will humble themselves and pray......)
[ Post Reply | Private Reply | To 108 | View Replies]

To: steveegg

Not a problem.


115 posted on 08/31/2005 7:13:49 AM PDT by Falcon4.0
[ Post Reply | Private Reply | To 111 | View Replies]

To: COBOL2Java

Dohh!


116 posted on 08/31/2005 7:14:24 AM PDT by Falcon4.0
[ Post Reply | Private Reply | To 106 | View Replies]

To: montag813
Actually that would also make a great bumper sticker.

Just think of the $3.00 a Gallon as a "Caribou Tax"

117 posted on 08/31/2005 7:18:03 AM PDT by Falcon4.0
[ Post Reply | Private Reply | To 51 | View Replies]

To: Falcon4.0
Thanks.

BTW, some stations are already up to $3.30/gallon up here in the land of cheese and beer.

118 posted on 08/31/2005 7:20:28 AM PDT by steveegg ($3.00 a gallon is the price you pay for ANWR! Start drilling or stop whining! - HT Falcon4.0)
[ Post Reply | Private Reply | To 115 | View Replies]

To: Happy2BMe
"Doesn't anybody wonder why this country has less than five major oil refineries?"

WHERE did you come up with this?? There are more than THAT in South Louisiana alone.

119 posted on 08/31/2005 7:20:39 AM PDT by Wonder Warthog (The Hog of Steel)
[ Post Reply | Private Reply | To 9 | View Replies]

To: BulletBobCo
from another source:

The disruptions caused by Katrina may make it harder for refiners to stockpile winter fuels in preparation for a fourth- quarter peak in demand.

There you have it, the reason/excuse for the price of gas and heating oil to stay high well into spring. Kind of a self fulfilling prophecy. The MSM has been saying all along that President Bush MUST tap the SOR, well now he has, and now what?

120 posted on 08/31/2005 7:20:50 AM PDT by strange1 ("Show the enemy harm so he shall not advance" Sun Tzu The Art of War)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 81-100101-120121-140 ... 161-169 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson