Prices are low for the time being, now is the time to buy oil cheap while we can, especially if its from domestic suppliers that are shutting operations down because the price is so low. It would immediately stimulate the economy without depending on banks to turn loose of some of their stimulus money.
Or should Obama allow the domestic oil industry to continue to shrivel and spend the same money on undefined ';green technologies'; whose economic benefit is years off?Should Obama replenish the Strategic Petroleum Reserve today with domestic crude oil?
Thats a real good idea. That's why Obama and Pelosi wont do it.
PS DUDE! your avatar is awesome and it made me fall out of my chair laughing.Should Obama replenish the Strategic Petroleum Reserve today with domestic crude oil?
Those considerations are IMO trivial. We must spend money on oil replacements. Our economy, our security, and the environment depend on it.
Oil is an effective commodity with daily massive consumption. Further, any doubling of orders by the largest consumer to corner the market will simply drive up the price unnecessarily.
What makes you think it is not being replenished?
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