March 7, 2011

39 Days: What's in America's Strategic Oil Reserve

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There. Now you feel much more secure, don't you?

Posted by Vanderleun at March 7, 2011 3:03 PM
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"It is impossible to speak in such a way that you cannot be misunderstood." -- Karl Popper N.B.: Comments are moderated and may not appear immediately. Comments that exceed the obscenity or stupidity limits will be either edited or expunged.

That the SOR would supply America's present use (which I think is actually about 21M BPD, not 18.7) is not actually relevant to the SOR's purpose. The SOR's purpose is to provide petroleum as an interim supply if there is a disruption of commercial supplies. Defense use takes first priority if that happens.

But that is not what has happened. Funny how all the left-libs who openly say we should pay as much per gallon of gas as the Europeans run away from it when we start to get there.

Why? Because they know darn well that Europe's high consumer-fuel prices are driven by taxes, not supply or market conditions. But the rocketing of prices lately has been driven by uncertainty of supply, not taxes and not a disruption in commercial supplies themselves.

Because the risk of actual disruption is becoming higher every day, we should be building up the SOR, not releasing stocks from it.

But I can tell you that I am evermore appreciative of my 1.5 mile commute.

Posted by: Donald Sensing at March 7, 2011 3:56 PM

Oh, it will last longer than 39 days...because folks like you and I will never see a drop of it.

The powers that be will only allow it to be used for "crucial and vital" services like cop cars, fire trucks and Obama's golfing buddies.

Posted by: Mumblix Grumph at March 7, 2011 3:59 PM

I've always been under the impression that it was intended for military use if we found ourselves in a war and the supplies got disrupted.

The liberals always seem to be eager to drain the resrve in a (futile) effort to manipulate prices.

Posted by: rickl at March 7, 2011 7:42 PM

That oil, being fungible, will be shipped somewhere else to be replaced by oil from Whackazuela or Halfgonistan.

The answer to lower gas prices is more refineries; oil we got. And get that ethanol out of the gas.

Posted by: Peccable at March 8, 2011 4:59 AM
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