Posted on 07/19/2008 10:10:10 AM PDT by Coffee200am
Congressional Democrats want the United States to tap into the Strategic Petroleum Reserve to help bring down oil prices, U.S. Sen. Patty Murray said Saturday.
Murray said during the Democrats' weekly radio address that with gasoline prices reaching new highs, it is time to use the emergency reserves and urge oil companies to drill on leased federal lands.
We believe it's time for the oil companies to use that land and to make sure that it stays in America instead of shipping it to the highest bidder overseas, Murray said.
Democrats also think it is time to tap into the Strategic Petroleum Reserve. Right now we have more than 700 million barrels of oil sitting underground in Texas and Louisiana that can be used in times of emergency.
Murray also called for increased regulation of energy trading, which she contends is being affected by speculators seeking to profit from rising oil prices.
Democrats, she said, believe we must rein in Wall Street and traders who are unfairly driving up oil prices.
With regard for nothing but their own profits, some traders are bidding up oil prices by buying huge quantities of oil just to resell at an even higher price, she said.
Another high-horsepower member of the Democrat brain trust heard from.
Emergency=Disruption in supply.
Go ahead booklearned economic experts ( an ex is a has been , a spurt is a drip under pressure), you are wrong and I am right.
I have said it before and I will repeat it. President Bush has four months left until the election. He should call the bluff of these idiotic Dimocrats. He should release 25% of the reserve each month until it is empty and then let the Messiah deal with it. In the meantime he could be blasting the idiots by saying he is doing all he can to lower the price of oil including the removal of the drilling ban.
He should just play tough.
Using our emergency oil, that will bring down prices. But drilling, no, you can’t drill your way to lower prices.
These guys are geniuses.
Tap the STRATEGIC oil reserve because spoiled Americans have to cut back on their casino visits, cellphone usage, and other highly elective pursuits? Does you have any concept of the meaning of the adjective “strategic”?
Patty Murray is unfit to be apprentice third assistant, second class Den Mother to a group of Cub Scouts.
oil’s down $15 per barrel since Monday’s Presidential announcement. (I bet he would have made it earlier if he hadn’t had to go meet with greenie-weenie G-8’s last week). Since the drilling ban has to be re-upped by Congress by September 30, and that won’t happen, oil’s going to slide to its true price fast , right?
Short term answer to a long term crisis. Are we going to have another source when the Reserve is empty?
If you like $5/gal, Thank Congress
Pray for W and Our TRoops
The emergency is having a Congress which sits on its collective ass and does nothing. The reserve holds about 45 days of oil. Tell me the emergency that can happen to completely stop oil imports. I still say go ahead an draw it down and dare Congress to say it fixed anything. Let the Chosen One then have to deal with it.
Isn’t this the same thing that Gingrich has said? Release the reserves, bankrupt the speculators and watch the prices go down?
Patty baby wants to fix our problem by using the SPR to smooth over but not fix.
Hey Patty you numb skull what happens when the SPR is gone and the prices shoot through the stratosphere.
Gawd help me but the liberals heads are full of Shiite for brains.
Murray would've issued this press release days ago, like Pelosi and Reid, but spare parts for the obsolete 380 chip that occupies her brain had to be located. They finally found them in a tribal librarian's office in rural Mongolia, and rushed them to the US,
Just kidding. But Murray hasn't had an original thought in her life.
Yeah way to go Patty...drain the reserve and then Imawhackjob closes the Gulf of Hormuz and we have a real crisis...what will you do then?
You should see the brand new holes they are punching in the ground out here. I thought the Kern River Oil field was done for, but from what I can tell, it must not have been economically feasible to extract some of it until the recent run-up in prices.
Democrats would love for us to use up our strategic reserves.
“We believe it’s time for the oil companies to use that land and to make sure that it stays in America instead of shipping it to the highest bidder overseas, Murray said.”
To date it has proven very difficult to ship land overseas no matter how high the bid. So I expect efforts to keep the leased land in America to be successful.
Maybe Patty should use her stimulus check to buy a clue.
Here’s a thought: For every drop of Strategic Oil drained, replace it with domestically drilled oil - 5:1!!!!
What part of the word “reserve” don’t they get? IT’S FOR AN EMERGENCY.
Yes, this is the level of rhetorical prowess in the political scene.
Hey Patty!
What part of “Strategic” don’t you understand?
The SPU is there in the event that America’s access to oil is cut off.
It is NOT for temporary and theorhetical, political manipulation!
The oil markets will NOT perceive any SPU release any type of remedy. Therefore, NO IMPACT ON PRICES AT THE PUMP!
This is different than authorizing offshore oil leases which is, in fact, strong evidence of increasing supply.
they blame the speculators in a speculative business. Beats doing anything about it.
Have you contacted your congress today?
Pelosi AmericanVoices@mail.house.gov
Soon they will run out of people to blame. The only ones left are, well.... the left.
How about we use the reserves and replace it ONLY with oil from ANWR.
Correct, Murray doesn't have the intelligence to come up with an original thought. She's not even smart enough to parrot someone with half a brain because she's parroting Pelosi.
What part of the below statements do the Democrats not understand?
1) Increased domestic production reduces oil imports.
2) Reduced oil imports reduces the trade deficit.
3) Reduced trade deficit strengthens the dollar.
4) Strong dollar lowers world wide crude oil prices.
ECON 101
The Messiah’s way to deal with that would be to kneel down and hand the keys over to CAIR.
“Congressional Democrats want the United States to tap into the Strategic Petroleum Reserve to help bring down oil prices, U.S. Sen. Patty Murray said Saturday.”
Yeah, because it worked SO well when Clinton tried that.
NOT.
Yeesh!
The democrats are utterly ridiculous. And, unfortunately, as ridiculous as the dems are, the republicans are just as useless and, well, stupid.
The democrats claim that drilling will not help our situation, yet they want to release the SPR. Which is it? Increase supply or increase supply?
So which is it Murray....take a risk with national security reserves only to be replenished 5 years later OR replenish quickly, within days or weeks which begs the question, "why not just move that oil to refineries". Someone is not being truthful, Ms.Murray, and it seems to be the democrats.
It seems Nancy’s in-box is full......{;^)
Dear Madam Speaker,
What part of “Strategic” don’t you understand?
The SPU is there in the event that America’s access to oil is cut off.
It is NOT for temporary and theoretical, political manipulation!
The oil markets will NOT perceive any SPU release any type of remedy. Therefore, NO IMPACT ON PRICES AT THE PUMP!
This is different than authorizing offshore oil leases which are, in fact, strong evidence of increasing supply.
It is clear that all of your sound bites are politically motivated, because nobody could be stupid enough to believe them.
Patty Murray’s statement was totally incoprehensible. She seems to have no idea how oil exploration works or how much oil is in the emergency reserve.
So, how are we supposed to refill the reserve without new drilling?
What they ended up with was one 'connected' minority (African American) who became an oilman overnight, worked his deals from his apartment, and promptly sold it on the open market overseas -- he made a killing, and the heating oil for the northeast Dem consituents got squat. Bwaaaaahaaaaaa, don't you just love it?
"Set yourself on fire! It will feel so good when you stop..."
* Note: This advice takes no brains
Lo siento, Yo invente un martini nuevo esta tarde...
You should see my Portunhol...
WOW The heat must really be on the dim-ocrats.
Every one keep calling and emailing.
I know, I should have known better.
And how are those terrorist shopping malls and terrorist day care centers doing, Senator Murray?
Murray is still stuck on stupid, a 9/10/01 mentality that reaches dangerous levels of ignorance.
Also new regulations should be enacted to prevent crazy oil speculations. Speculators must pay 50% down for the oil they are buying and not just 5%. They also should not forecast for more than 2 months.
Something similar would no doubt happen with the crude reserve.
Ms. Murray is one of those [millions of] liberals that believes that “electricity” comes from a plug in the wall. And not from power plants fueled by coal, oil, natural gas, or nuclear power.
She also seems to think that “crude oil” comes from “reserves” in the ground. And not from contraptions called “oil wells”, be they on land or on sea.
- John
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.