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

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

WASHINGTON - Energy Secretary Samuel W. Bodman said Wednesday the Bush administration will release oil from petroleum reserves to help refiners affected by Hurricane Katrina. An announcement was expected later in the day.

The move is designed to give refineries in the Gulf Coast area a temporary supply of crude oil to take the place of interrupted shipments from tankers or offshore oil platforms affected by the storm.

(Excerpt) Read more at msnbc.msn.com ...


TOPICS: Breaking News; Government
KEYWORDS: anwar; dollarabarrel; envirowhackos; fixedprice; fueltax; futile; katrina; oil; oilyescaribouno; petroleumreserves; rationbook; screwthecaribou; startanwrdrillingnow; stupid
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To: CelinaClubmaker

Seems everyone still missing the real reason for these fuel spikes. How many times has the public been told that there is NO oil shortage, but a shortage of refining capability. Now then all of the sudden the public is to believe that opening up the strategic oil supplies will somehow bring the prices at the pump down ?. Does it seem to you that the american public is being duped yet again ?. The rules to this game haven't changed and they never will (smart money vs. dumb money). In order to have winners, you must have losers. The word "is" - I get it now !


161 posted on 08/31/2005 8:14:44 PM PDT by CheezyChesster (It depends upon what the meaning of the word "is", is.)
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To: deltabean

Mexico's laws don't allow foreign oil companies to own assets there.


162 posted on 09/01/2005 2:52:43 AM PDT by G.Love (Senate majority - use it or lose it.)
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To: BallyBill
I wonder how Schumer will explain that even though the President is releasing some oil from the nation's Strategic Petroleum Reserve it may not dampen the bullishness in the energy sector that much.

Katrina's Gulf of Mexico Wreckage May Spark $100 Oil (Update2)

Gasoline Futures Surge, Oil Prices Climb

163 posted on 09/01/2005 4:25:17 AM PDT by M. Espinola (Freedom is never free)
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To: Happy2BMe
HINT: Limit product availability, raise prices, perpetually gouge the consumer and cash in at the bank.

HINT - the EPA has not allowed a new refinery to be built in the US in 30 years. US Oil companies would build and expand facilities in a NY minute if given the chance.

As long as environmental wingnuts run the EPA, we will ALWAYS be short of refinery capacity.

164 posted on 09/01/2005 10:39:00 AM PDT by jscd3
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To: mtbopfuyn

It was a dumb move for him to wait.

The Stategic reserve was established for things like this. The president should have acted a year ago.


165 posted on 09/01/2005 10:49:55 PM PDT by rdl6989 (New Orleans 1718-2005)
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To: tomahawk
By tapping the reserves now...

I think that SOME oil from the reserve should be sold, certainly not all of it. No more than a few million barrels.

166 posted on 09/01/2005 10:56:11 PM PDT by rdl6989 (New Orleans 1718-2005)
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To: steveegg
$3.00 a Gallon is the price you pay for ANWR! Start drilling or Stop Whinning!

Me thinks that the Army Corps of engineers could get started very quickly. The greenies won't like it, but that's the beauty of it.

167 posted on 09/01/2005 11:01:29 PM PDT by rdl6989 (New Orleans 1718-2005)
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To: Falcon4.0
Yes, I am serious, and we should have drilled for it 10 years ago.

Send in the Army Corps of Engineers to start drilling in ANWR now.

168 posted on 09/01/2005 11:17:12 PM PDT by rdl6989 (New Orleans 1718-2005)
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Also, if every auto would burn just a gallon less per week (that means the driver of course)...

http://www.onlineconversion.com/volume.htm

42 gallon [US, liquid] = 1 barrel [US, petroleum]

2,000,000 barrel [US, petroleum] = 84,000,000 gallon [US, liquid]

There are in excess of 200 million vehicles; if only 84 million burned one less gallon per week...

Bush warns looters, urges Americans conserve gas
Reuters | Sep 1, 2005 | Steve Holland, Caren Bohan, and Adam Entous
Posted on 09/02/2005 6:26:15 AM PDT by grundle
http://www.freerepublic.com/focus/f-news/1475533/posts


169 posted on 09/02/2005 11:35:28 AM PDT by SunkenCiv (Down with Dhimmicrats! I last updated by FR profile on Sunday, August 14, 2005.)
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