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Democraps $ 145.00 Barrel
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 Posted: Tue Jul 15, 2008 9:34 pm Post subject: Nazi Pelosi Admits Increasing Oil supplies = Lower Prices |
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Pelosi: Tap emergency oil reserve to lower prices
July 9, 2008Recommend
BY ASSOCIATED PRESS
WASHINGTON---- House Speaker Nancy Pelosi called on President Bush to
release oil from the government's emergency reserve to knock down gasoline
prices she says "are helping push the economy toward recession."
Pelosi, D-Calif., in a letter to Bush noted that
the Strategic Petroleum Reserve has been used three times before and each
time the action has served to stabilize oil markets and lower gas prices.
Action is needed "to assist consumers and strengthen the economy," Pelosi
said.
The threats to the economy and national security from high oil prices "are
the kind of circumstances ... in which utilization of the Strategic
Petroleum Reserve is more than justified," Pelosi wrote in the letter sent
late Tuesday.
Bush repeatedly has rejected calls to use oil from the government reserve,
which is 97 percent full and currently holds about 702 million barrels of
oil - enough to replace imports for two months. It's stored in salt caverns
along the Louisiana and Texas coast.
The Bush administration has maintained the oil is to be used only in
response to a disruption of oil supplies. While oil prices currently are
high, at more than $137 a barrel on Wednesday, there has been no supply
shortage.
Recently, Bush reluctantly agreed to halt shipments of about 70,000 barrels
of oil a day into the emergency reserve after Congress directed him to do
so.
Oil has been released from the emergency stockpile in the past in response
to threatened or actual supply interruptions.
About 17 million barrels of oil was made available in 1991 to calm global
oil markets shortly before the Gulf War.
Bush turned to the reserves when hurricanes Katrina and Rita disrupted oil
supplies in 2005. A total of 21 million barrels were made available to
refineries "with great effectiveness to address emergency energy needs in
the crisis," according to an Energy Department inspector general's report.
President Clinton in 2000 made available 30 million barrels of oil from the
reserve to head off concerns about shortages in heating oil during the
upcoming winter.
Copyright 2008 Associated Press. All rights reserved. This material may not
be published, broadcast, rewritten, or redistributed. |
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Sri Bodhi Prana
Guest
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| Posted: Tue Jul 15, 2008 9:34 pm Post subject: Re: Nazi Pelosi Admits Increasing Oil supplies = Lower Price |
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On Jul 15, 10:34 am, "Democraps $ 145.00 Barrel Oil" <Democraps keep
gas prices high @Democraps.org> wrote:
| Quote: |
Pelosi: Tap emergency oil reserve to lower prices
July 9, 2008Recommend
BY ASSOCIATED PRESS
WASHINGTON---- House Speaker Nancy Pelosi called on President Bush to
release oil from the government's emergency reserve to knock down gasoline
prices she says "are helping push the economy toward recession."
Pelosi, D-Calif., in a letter to Bush noted that
the Strategic Petroleum Reserve has been used three times before and each
time the action has served to stabilize oil markets and lower gas prices.
Action is needed "to assist consumers and strengthen the economy," Pelosi
said.
|
Pelosi is wrong. Releasing the reserves will not change the price by
much, and to replace the reserves will cost money that we the
taxpayers will have to pay. Replacing the reserves will cost a lot
more than releasing them will save. Besides, the reserves are for an
emergency, and consumer gas prices are only a *political* emergency.
Sri Bodhi Prana |
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MuttonJeff
Guest
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| Posted: Tue Jul 15, 2008 9:34 pm Post subject: Re: Nazi Pelosi Admits Increasing Oil supplies = Lower Price |
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On Jul 15, 12:03 pm, Sri Bodhi Prana <bo...@mail2bombay.com> wrote:
| Quote: |
On Jul 15, 10:34 am, "Democraps $ 145.00 Barrel Oil" <Democraps keep
gas prices high @Democraps.org> wrote:
Pelosi: Tap emergency oil reserve to lower prices
July 9, 2008Recommend
BY ASSOCIATED PRESS
WASHINGTON---- House Speaker Nancy Pelosi called on President Bush to
release oil from the government's emergency reserve to knock down gasoline
prices she says "are helping push the economy toward recession."
Pelosi, D-Calif., in a letter to Bush noted that
the Strategic Petroleum Reserve has been used three times before and each
time the action has served to stabilize oil markets and lower gas prices.
Action is needed "to assist consumers and strengthen the economy," Pelosi
said.
Pelosi is wrong. Releasing the reserves will not change the price by
much, and to replace the reserves will cost money that we the
taxpayers will have to pay. Replacing the reserves will cost a lot
more than releasing them will save. Besides, the reserves are for an
emergency, and consumer gas prices are only a *political* emergency.
Sri Bodhi Prana
|
"Political" emergency. I love it. You apparently are'nt in the
position of having to decide between putting food in your kid's
bellies, paying rent, paying utility bills or buying gas to get back
and forth to your job. But, you're prolly 13 years old and still
living with your mommy plus you're a liberal. Two strikes against any
credibility you may think you have. Fucking idiot. |
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Sri Bodhi Prana
Guest
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| Posted: Tue Jul 15, 2008 10:04 pm Post subject: Re: Nazi Pelosi Admits Increasing Oil supplies = Lower Price |
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On Jul 15, 11:38 am, MuttonJeff <hoofhearte...@yahoo.com> wrote:
| Quote: |
On Jul 15, 12:03 pm, Sri Bodhi Prana <bo...@mail2bombay.com> wrote:
On Jul 15, 10:34 am, "Democraps $ 145.00 Barrel Oil" <Democraps keep
gas prices high @Democraps.org> wrote:
Pelosi: Tap emergency oil reserve to lower prices
July 9, 2008Recommend
BY ASSOCIATED PRESS
WASHINGTON---- House Speaker Nancy Pelosi called on President Bush to
release oil from the government's emergency reserve to knock down gasoline
prices she says "are helping push the economy toward recession."
Pelosi, D-Calif., in a letter to Bush noted that
the Strategic Petroleum Reserve has been used three times before and each
time the action has served to stabilize oil markets and lower gas prices.
Action is needed "to assist consumers and strengthen the economy," Pelosi
said.
Pelosi is wrong. Releasing the reserves will not change the price by
much, and to replace the reserves will cost money that we the
taxpayers will have to pay. Replacing the reserves will cost a lot
more than releasing them will save. Besides, the reserves are for an
emergency, and consumer gas prices are only a *political* emergency.
Sri Bodhi Prana
"Political" emergency. I love it. You apparently are'nt in the
position of having to decide between putting food in your kid's
bellies, paying rent, paying utility bills or buying gas to get back
and forth to your job.
|
While it is true that I can walk, bike or drive to my job (my choice)
I certainly understand what it means to be poor, having once been so
myself. In fact, my son may lose his job with the airlines because of
the problem of fuel prices.
| Quote: |
But, you're prolly 13 years old and still
living with your mommy plus you're a liberal.
|
"Prolly"? Now *that* is the way a 13 year old might say it.
Oh, BTW, I am a conservative and have been so for decades.
| Quote: |
Two strikes against any
credibility you may think you have. Fucking idiot.
|
Yeah... right. How about arguing against my points, if you can, rather
than just throwing out random insults?
High gas prices have been with the Europeans for decades, and they
have learned to live with them. It is indeed a "political emergency"
in that people are clamoring for someone to do something about which
there is nothing that can be done. Neither drilling or releasing the
reserves will have the kind of effect that would help the guy who is
in real trouble because of fuel prices.
Sri Bodhi Prana |
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HughJorgan
Guest
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| Posted: Tue Jul 15, 2008 10:30 pm Post subject: Re: Nazi Pelosi Admits Increasing Oil supplies = Lower Price |
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On Jul 15, 5:04 pm, Sri Bodhi Prana <bo...@mail2bombay.com> wrote:
| Quote: |
On Jul 15, 11:38 am, MuttonJeff <hoofhearte...@yahoo.com> wrote:
On Jul 15, 12:03 pm, Sri Bodhi Prana <bo...@mail2bombay.com> wrote:
On Jul 15, 10:34 am, "Democraps $ 145.00 Barrel Oil" <Democraps keep
gas prices high @Democraps.org> wrote:
Pelosi: Tap emergency oil reserve to lower prices
July 9, 2008Recommend
BY ASSOCIATED PRESS
WASHINGTON---- House Speaker Nancy Pelosi called on President Bush to
release oil from the government's emergency reserve to knock down gasoline
prices she says "are helping push the economy toward recession."
Pelosi, D-Calif., in a letter to Bush noted that
the Strategic Petroleum Reserve has been used three times before and each
time the action has served to stabilize oil markets and lower gas prices.
Action is needed "to assist consumers and strengthen the economy," Pelosi
said.
Pelosi is wrong. Releasing the reserves will not change the price by
much, and to replace the reserves will cost money that we the
taxpayers will have to pay. Replacing the reserves will cost a lot
more than releasing them will save. Besides, the reserves are for an
emergency, and consumer gas prices are only a *political* emergency.
Sri Bodhi Prana
"Political" emergency. I love it. You apparently are'nt in the
position of having to decide between putting food in your kid's
bellies, paying rent, paying utility bills or buying gas to get back
and forth to your job.
While it is true that I can walk, bike or drive to my job (my choice)
I certainly understand what it means to be poor, having once been so
myself. In fact, my son may lose his job with the airlines because of
the problem of fuel prices.
But, you're prolly 13 years old and still
living with your mommy plus you're a liberal.
"Prolly"? Now *that* is the way a 13 year old might say it.
Oh, BTW, I am a conservative and have been so for decades.
Two strikes against any
credibility you may think you have. Fucking idiot.
Yeah... right. How about arguing against my points, if you can, rather
than just throwing out random insults?
High gas prices have been with the Europeans for decades, and they
have learned to live with them. It is indeed a "political emergency"
in that people are clamoring for someone to do something about which
there is nothing that can be done. Neither drilling or releasing the
reserves will have the kind of effect that would help the guy who is
in real trouble because of fuel prices.
Sri Bodhi Prana- Hide quoted text -
- Show quoted text -
|
You poor dumb schmuck. This is not Europe and we really don't give a
big red dog's ass HOW they do it. The US was built on petroleum
products and will depend on oil for the foreseeable future. You can
get in your car and drive across the width of Texas and will be the
equivelant of crossing four countries in your beloved europe. I used
to drive to work one way that was across some european countries. You
need to get out more.Btw, I'll never beleive you are or ever have been
a "conservative". Nice try. |
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Democracy Highlander
Guest
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| Posted: Wed Jul 16, 2008 6:29 am Post subject: Re: Nazi Pelosi Admits Increasing Oil supplies = Lower Price |
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Democraps $ 145.00 Barrel Oil wrote:
| Quote: |
WASHINGTON---- House Speaker Nancy Pelosi called on President Bush to
release oil from the government's emergency reserve to knock down gasoline
prices she says "are helping push the economy toward recession."
|
Here Nancy Pelosi is absolutely wrong and (unbelievable but true) I have to
side with Bush on this position. Releasing oil from the reserve it is just
as stupid as McCain proposal of a gas "tax holiday".
Yes, I agree that a very important factor in current prices is the
speculation. And I agree that the speculators MAY be bent with an over
supply from the reserve.
But is a big MAY here. There is no way of knowing how much financial reserve
speculators have and there is a limit of how much oil can be released from
the reserve before national security is at risk.
Keeping in mind that speculators just cashed all the gains from housing
bubble and keeping in mind that they are just pulling money out of the
stock market as we speak (Dow drop), it is likely that speculators may
actually be more resilient than the government. And if they are capable to
keep speculating until we can not release anymore, then they win the war
and we just put ourselves at risk. Speculators win.
Even if speculators do not want to fight the government, they stop
speculating while we release the reserve. The gas prices will drop until we
can not release anymore then they climb back. Then in the future, we need to
replenish the reserve so we have to buy oil at higher prices and this will
help driving prices even higher. Speculators win big time.
So let be clear: WE CAN NOT FIGHT SPECULATORS WHILE PLAYING BY THEIR RULES.
It is idiotic to do so. Speculators must REGULATED, FINED AND TAXED TILL
THEY DROP not played with them, on their own game with their own rules.
| Quote: |
Action is needed "to assist consumers and strengthen the economy," Pelosi
said.
|
Correct: " Action is needed to assist consumers and strengthen the economy"
not to enrich speculators and bring back SUVs.
Short term possible actions:
----------------------------
= whenever possible telecommuting must be performed as much is possible.
Harsh penalties for employers who outsource telecommuting-friendly jobs
forcing US workers to take jobs where telecommuting is not an option.
= whenever is possible 4 days week-work. Clear arguments must be provided
for not switching to 4/10. Have employers pick the tab for a half an hour
lunch break every day the workers are at work.
= put a sales tax on gas and give that money back as a tax break for
families. So, the guy driving a SUV will get the same tax rebate as the guy
driving a Prius but will pay more in taxes for gas. As a result, the gas
sippers will be encouraged.
Long term actions:
------------------
= Renewable energy. Biodiesel from Algae:
http://www.oilgae.com/
= Renewable energy. Solar energy and hydrogen cars
= Renewable energy. More investments in scientific research for fusion.
| Quote: |
The threats to the economy and national security from high oil prices "are
the kind of circumstances ... in which utilization of the Strategic
Petroleum Reserve is more than justified," Pelosi wrote in the letter sent
late Tuesday.
|
That is pathetic, sounds like McCain's "gas holiday".
| Quote: |
Bush repeatedly has rejected calls to use oil from the government reserve,
which is 97 percent full and currently holds about 702 million barrels of
oil - enough to replace imports for two months.
|
I think this is the ONLY good decision Bush made in 8 years of presidency.
It was overdue anyhow.
--
The world of the future will be fully democratic or will not be at all.
Democracy Highlander
P.S.:
When I say "democratic", I use the word democratic coming from democracy not
from Democratic party. I am not connected in any way with Democratic party
and if they fail to do as promised and cut corporate corruption I have no
problem to turn on them and blog against them too. |
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