Bush Filling up Strategic Petroluem Reserve

Joe · Post by **Joe** » 2003-08-18 10:42pm

linky

Looks like we're ready to start clamping down on the Saudis.

Thoughts?

phongn · Post by **phongn** » 2003-08-18 10:53pm

I dunno, it seems like a rather large leap to go from 'filling up SPR' to 'clamping down on the KSA'

For that matter, the filling of the SPR has been ongoing since before the war, IIRC.

Post by **Sea Skimmer** » 2003-08-18 11:00pm

Good, I don't see any reason why we should pay to maintain it yet only keep the thing half full. I however don't think this indicates any kind of invasion or crack down coming up in the near future.

Joe · Post by **Joe** » 2003-08-18 11:04pm

phongn wrote:I dunno, it seems like a rather large leap to go from 'filling up SPR' to 'clamping down on the KSA'

For that matter, the filling of the SPR has been ongoing since before the war, IIRC.

I'm sure it has been ongoing, but only since May have we been filling it up at such a rapid rate.

Higher oil prices are certainly not hot electoral property. It may be a message to the Saudis (your services as an oil supplier are no longer needed, now clean up your act).

Col. Crackpot · Post by **Col. Crackpot** » 2003-08-19 07:13am

700 million barrels. that should eliminate out need for saudi oil. for a month.

This will be won, and should be won the way we win everything else...with technology. Hybrid cars and fuel cells. oh i hope i live to see the day when we tell the saudi's to take their oil and go fuck off.

Natorgator · Post by **Natorgator** » 2003-08-19 11:37am

It needs to be refilled. Didn't Clinton release it during the last price spike only to find that it had no effect whatsoever on prices?

Post by **Sea Skimmer** » 2003-08-19 02:04pm

Natorgator wrote:It needs to be refilled. Didn't Clinton release it during the last price spike only to find that it had no effect whatsoever on prices?

Clinton's release was about equal to the amount of oil the nation used in a day and did jack shit. However when oil is released from the reserve the oil companies that get it must replace it a few months later on using there own resources, that's not why the reserve needs to be filled. It simply never reached capacity in the first place.