Do you think the US should release oil from the strategic oil reserve to help lower prices...?

The inventory as of Friday May 16th was 702.7 million barrels, providing a 58-day safety net in case of supply disruptions. The SPR has a capacity of 727 million barrels.


Congress has forced Bush to stop adding to this reserve due to the rising gas prices...Bush wanted to continue to add to the reserve, but Congress passed the bill to stop by a veto-proof margin.


Do you think releasing some of this oil would help lower gas prices?Do you think the US should release oil from the strategic oil reserve to help lower prices...?
yes


but i think that the government should outlaw all non-hybrid vehicles because we have the techonology to help the planet, so why not start now?Do you think the US should release oil from the strategic oil reserve to help lower prices...?
how stupid. Report Abuse

We are going to have to become self-sufficient as a country and not have to depend on all these other countries for our needs. We keep having manufacturers move oversees and one of these days it is going to come back to bite us in the rear. We need to be drilling for oil and flooding the markets to the point where prices will have to come down. Also if I remember correctly the hurricanes destroyed a refinery which also helped gas prices to go up because they didn't have enough to refine the oil.
When the Hunt brothers attempted to corner the market on silver, the US government flooded the market with silver, bankrupting the Hunts. I believe that flooding the market with cheap fuel would break the monopoly of big oil and force the prices down. Legal action, in concert with the market flood, would drive the nails into the coffin.
No, because it would barely lower the prices at all. Same with suspending the taxes you pay per gallon. If they suspend those taxes, they'll simply find another way to tax us to make up for the loss.





I think they should further investigate and penalize the oil companies. Their record profits are proof of their raping and pillaging, IMHO.
I would hope it could, but there's about as much of chance of that happening is there is that the President will get the next economic stimulus package going before people starve or lose their jobs because they can't afford to drive to work...
I think they're trying to drive up oil prices in a desperate effort to counter the global deflationary storm that is brewing. They don't fear inflation. They fear deflation.
NO they should increase the production of electric vehicles and tell Saudi Arabia and other oil producing countries to kiss their a s s.
no.
NO, instead we need to get rid of the Oil Lobby and the Auto Industry Lobby. We could put them in prison for trying to ruin the earth !
It would only be a temporary fix
No. One has to find out why crude oil prices are getting so astronomical
Well yes but what if we piss of our middle eastern buddies and need oil. Well we just drained our nations safty net.
Whatever it takes to help the people
Yeah, but 58 days isn't much.





And that's what happens when you have a Democrat congress.
no, i think we should be less dependent on oil, so we would not have to buy as much.
in a word, NO
yes.
no,wall street spectators should stop trying to make a buck at our expense.