Why not open up our oil reserve?

Bush mentioned doing just that, right after Katrina. Fuel prices are a lot higher now than then. So, why has nobody mentioned it?Why not open up our oil reserve?
Sigh. So many people just don't get it.





The oil reserves are controlled by American oil companies. American oil companies also control the oil in Iraq, and the rest of the nations are scared of them. Let me explain something.





THE AMERICAN OIL COMPANIES


D*O*N*T W*A*N*T us to pay less for oil and gas!





They want us to pay MORE for the oil and gas!





They want to SCARE us into giving them more places to drill. This allows them to make more profits, while charging us even HIGHER prices.





It's not supply, demand. It's gouging.Why not open up our oil reserve?
Because there is only enough oil in the SPR to last for about 34 days.


What happens then? Do you think that 750million barrels of oil on the market will suddenly drop the price enough that it will be cheaper to re-fill the SPR, and all will be well at the end of 30 days?


Why not just open up our oil reserves to drilling.





EDIT: Why the thumbs down? Here is the proof.


The current inventory is displayed on the SPR's website. As of July 15, 2008, the current inventory was 706.2 million barrels (112,280,000 m鲁). At current market prices ($145 a barrel) the SPR holds over $38.7 billion in sweet crude and approximately $50.9 billion in sour crude (assuming a $15/barrel discount for sulphur content). The total value of the crude in the SPR is approximately $89.6 billion USD. This equates to 33 days of oil at current daily US consumption levels of 21 million barrels a day.





According to the World Factbook[5], the United States imports a net 12 million barrels (1,900,000 m鲁) of oil a day (MMbd), so the SPR holds about a 58-day supply. However, the maximum total withdrawal capability from the SPR is only 4.4 million barrels (700,000 m鲁) per day, making it a 160 + day supply.








http://en.wikipedia.org/wiki/Strategic_P鈥?/a>
This entire matter is getting quite sickening!!!





We just have to hold onto all the oil we can... for as long as we can... until there is no longer a need for a barrel, or a CAN of oil!





Of course, there is not enough oil in our reserve to sustain America for long, however - if we don't use it, maybe we will lose it! Or, maybe we'll have a different kind of ';Boston Tea Party'; and, the men, (disguised as Oil Barons) will dump ALL the oil out onto the ground!!
The oil reserves won't make much of a difference, we're too dependent on fossil fuels.





We have a lot of land in this country and should be using agricultural resources to replace fuel. One plant that would take care of it all is industrial hemp, but because it's related to the smoking hemp, they can keep it illegal and not let us use it.
Democrats did, and only 10% of the reserve (got that? you Hannidiotsd?) Republicans screwed us for their agenda. It's ENTIRELY appropriate to use this reserve, as price spike was brought about mostly by speculators.
for the millionth time, those are for EMERGENCIES, like if the Arabs cut us off, or someone blew up a huge oil field.





If we use it now it will not be here for that.
It is for Emergencies only. If 'they' know we used emergency supply and prices are this high ... bend over.
I thought he did... heard a passing mention in the news a month or so ago... now sure if it was in talks though or offical...
the oil reserves are for in case of emergency, or war
It's for a rainy day. It's not raining now, just slightly cloudy.