http://news.yahoo.com/s/ap/20080804/ap_o鈥?/a>
Isn't it the left that is always saying that borrowing from our emergency reserves wouldn't do squat?Is Obama's inexperience and naivity showing again with his call to release oil from the reserves?
Yes, just like his plan to take windfall profits to buy votes.
He's busily pandering away in Michigan right now. How disgusting.Is Obama's inexperience and naivity showing again with his call to release oil from the reserves?
Releasing oil from the emergency reserves is one of the dumbest things he could do. It is for emergencies, like war or a natural disaster. For heaven's sake, the majority of Americans want and know we need to begin drilling. Just do it! How short sighted are the dumb dems in Congress anyway?
P.S. There is plenty of oil in Anwar and the Gulf and it would make a HUGE difference.
Its hysterical to see him constantly change his position on policies throughout this campaign. I think when the time comes in November, McCain will have ample ammo to point out to the american people how inexperienced he is and qualifying that statement with repeat examples of his policy changes throughout the campaign alone and this will give the american voter pause to think if they really want someone so inexperienced and not founded in his own rhetoric in office.
By the way, releasing the reserves would help out - but overall I think it is a HUGE mistake to do so.
Releasing oil from the strategic reserve will immediately lower the price of oil substantially and thereby help consumers.
As Obama points out, the light crude oil can be replaced with heavier crude that is more suitable for long-term emergency stockpiling. It is an excellent proposal.
Drawing down the reserves is risky since the foreign oil could be cut off at any time. Without the reserves, our economy could collapse in a very short time.
Drilling in the USA would give us the cushion we are looking for until the so-called green energy is available.
this is an emergency....
we've got a very short window to turn this economy into the right direction,...or we end up in an uncontrollable downward spiral.
You want to wait until it gets worse ?
We need both short and longterm solutions...
Either it is inexperience and naivety, or his motivation is much more sinister. His blatant hate for capitalism is sort of alarming....
Barry checks the latest poll numbers to determine the position du jour. The only thing he's absolutely sure about is that he wants to be president.
He just wants elected wright now, he does not care if we all starve this time next year as long as he is leader!
if there was an emergency congress wouldn't be on vacation
You show your own naivity in thinking opening up the once banned areas of offshore drilling will ';....free America from dependence on oil from our enemies.'; The small amount of oil offshore (small in comparison to world production), along with the time frame needed to bring that oil to production, will do little to makes us independent from foreign sources of oil. Bottom line is that the US is the largest oil consumer on the planet. Take all of the oil offshore, all of oil in ANWR, and it still does not make oil independent. Plus you must remember that any oil found offshore would be sold on the international market. It would do little to nothing in effective the overall price of gas at the pump. Releasing some of our own oil reserve would have a more direct effect on prices at the pump but still it would be marginal and short lived.
Releasing oil from the reserves will do what McCain and Bush wrongfully claim that drilling will do, that is, actually lower the price of oil in the immediate future. Drilling will take over a decade. Furthermore, the oil companies already have millions of acres that they are allowed to drill on which they have not yet even begun to drill. They do not need more leases.
Barack was completely right on the issue of the Iraq war back in 2003 when he spoke out against it. Everyone conservative and liberal alike acknowledge it was a bad idea and we went into Iraq for the wrong reasons. He has stated that the surge has worked but that not going in at all would have worked better and prevented the loss of over 4000 American troops.
You people have screaming that we haven't opened up the OCS *this instant*, when it won't produce oil for at least 10 years.
People have been claiming the price of oil went down when Bush lifted his side of the drilling ban, which is absurd.
Releasing oil from the SPR would have an instant impact.
As the same article you quoted said:
';The Strategic Petroleum Reserve is capable of releasing about 4 million barrels a day. It's unclear what impact such release might have on global oil prices, or costs of gasoline at the pump. But a clear signal by the United States to use its emergency reserve to a significant extent could put downward pressure on oil markets at least for a time, energy experts say.';
yes. there is not enough in the reserves for a ';small amount'; to make a difference in gas prices. also, that oil ought to be reserved for a true national emergency. high gas prices have yet to shut down our transportation system or keep a significant fraction of the work force from going to work. i dont see this as an impending emergency, just a rise in the cost of living that hasn't yet been met with an increase in wages.
supporting Pres. Bush's exec order authorizing offshore drilling would benefit americans more in the long run that tapping our emergency reserves.
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