Replies to Msg. #617262
.
 Msg. #  Subject Posted by    Board    Date   
35615 Re: Oil Price Up
   Did you ever hear the phrase "Eating your seed corn" ? Think long...
Zimbler0   POPE   21 Apr 2011
2:53 PM
35580 Re: Oil Price Up
   Well, if they use it all up then the President can get the price of ga...
DGpeddler   POPE   20 Apr 2011
7:21 PM

The above list shows replies to the following message:

Re: Oil Price Up

By: clo in POPE
Wed, 20 Apr 11 6:58 PM
Msg. 35574 of 65535
(This msg. is a reply to 35567 by DGpeddler)
Jump to msg. #  

In part:

Markey Pushes House Support for Oil Reserve Option
WH Says SPR Deployment on Table; Markey Includes Oil “Swap” in Reserve as Additional Tool
Mar 7, 2011

Right now, the Strategic Petroleum Reserve holds 727 million barrels and is filled to capacity. Releasing even a small fraction of that oil could have a significant impact on speculation in the marketplace and on prices. It would also remind the world that the U.S. is ready, willing and able to use the SPR aggressively and effectively if needed. The FY2012 budget request already proposes a “$500 million non-emergency sale of SPR oil.” On March 6, 2011, White House Chief of Staff William Daley stated on Meet the Press that “the issue of the reserves is one we’re considering.” We applaud the fact that your Administration is considering utilizing this tool and we encourage you to do so.

http://democrats.naturalresources.house.gov/press-release/markey-pushes-house-support-oil-reserve-option




Avatar

DO SOMETHING!