Why does Obama think tapping the oil reserves will lower the price of gas?

';Today on a conference call, an Obama energy advisor told reporters that Barack Obama thinks the U.S. should tap the Strategic Petroleum Reserve to alleviate high gas prices. “Senator Obama has looked at this issue, he recognizes that Americans are suffering, that we have a unique situation with rising gas prices and this is one occasion where we really need to look at this strategically and he made the decision that we do need to tap the strategic petroleum reserves,” advisor Heather Zichal said.';





What does Obama think the reserves are for? An EMERGENCY not to tap to 'lower' the price at the pump, no wonder Obama is CONFUSED.





Just inflate your tires and get a tuneup and wait until 2025 for his miracle solution to take place. What a jokeWhy does Obama think tapping the oil reserves will lower the price of gas?
Barack Obama does not understand basic economics.





Tapping the reserves is only a short term fix to a long term problem.





We must drill offshore and in ANWR to increase oil supplies sufficiently to reduce prices.





Also Obama uses ';distractors'; to change the subject and avoid substantive discussion on topics that are awkward or uncomfortable for Obama.





Obama's recommendation to tap the emergency reserves is a ';distractor'; to avoid the subject of approving offshore oil drilling and drilling in ANWR.Why does Obama think tapping the oil reserves will lower the price of gas?
Because those are the strings the puppeteers are pulling.





I rechecked the air in my tires to see that they were at proper level and I still have to pay $4.00 a gallon for my gas.


Go figure.
Problem is he says that drilling wouldn't help but tapping into the reserve will.





Both doing the same thing: Increasing the oil in the system.
He is following the people; he is their leader so he follows close behind.
He knows it will have no effect on the price. It is just transparent political posturing at its worst.
No sweat, he will ';change'; his opinion tomorrow if it sounds better.
Steve is right, but it might not work like it has in the past.





The petroleum reserve is a massive amount of oil, and it exists specifically for this purpose (the government buys when the price is low, distributes it when the price is high to stabilize, and then refills when the price decreases again).





The problem is that in the past the increase was definitely a short spike caused by specific reactions to short-term problems. Now, however, we may be seeing the beginning of an actual shortage that has been predicted for about 40 years, and if that is the case the release of even a large amount of oil being released may not decrease the world price enough that it can be replaced in the future without costing even more.





It is not a stupid answer, it could be part of a larger answer. The reserve was designed to be used as part of an overall strategy which is what we need.
Why do Republicans think that drilling in a place where there is no oil will somehow solve our oil crisis? And if it would solve it why didn't they do it all of those years while they were in power?








Math 101. If you use 25 percent of the worlds oil and there is only 3 percent of the worlds oil in all the known reserves that you want to drill in you still import a ton of oil. Republicans know this isn't a solution. It's why they never opened up drilling while they controlled the house, senate and white house for the past 6 years. But it sure does make a good campaign issue. How about we let the oil companies drill on the 70 percent of undrilled land we've already leased to them.
Because it will increase supply and thus price will go down if demand is compensated for.





McCain graduating 5th from the bottom of his class (almost failing):


http://www.youtube.com/watch?v=srbX26vp5…





McCain singing Bomb Iran:


http://www.youtube.com/watch?v=hAzBxFaio…





McCain Chelsa Clinton is Ugly Comment:


http://archive.newsmax.com/archives/arti…





McCain calling the veitnamese Gooks:


http://www.commondreams.org/views/030200…





McCain's wife and drug addiction:


http://www.salon.com/news/feature/1999/1…





McCain giving up on his wife and divorcing her:


http://en.wikipedia.org/wiki/John_McCain





McCain cheating on his wife:


http://www.youtube.com/watch?v=FK9FIf6_R…





More Of McCain's screwups:


http://www.dailykos.com/storyonly/2008/6…





McCain is considered to be very volatile and erratic:


http://www.youtube.com/watch?v=sB74dbAfr…
Because it has several times in the past.








In the wake of Hurricane Katrina, oil markets were roiled due to some damage to oil rigs and infrastructure. On September 1, 2005, the spot price for oil was $69 per barrel—up 10 percent from two weeks before. President Bush announced the impending release from the Strategic Petroleum Reserve the next day. Oil closed at $66.91—a 3 percent decrease. On October 10, a month after the oil sales closed, the spot price was $60.74, a 12 percent drop from September 1. Oil averaged $62 in October, $58 in November, and $59 in December.





On January 16, 1991, on the eve of the first Gulf War, President George H.W. Bush announced that he would sell 34 million barrels from the Reserve to “minimize world oil market disruptions.” That day oil sold for $32 per barrel. The day after the announcement, the price dropped to $21 per barrel. Oil remained in the $20 per barrel range during and after the war. The Department of Energy concluded that the “partial drawdown…help[ed] restore stability to world oil markets during the Persian Gulf War.”