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Democrats to Obama: Tap strategic oil reserve
Politico ^

Posted on 02/25/2012 5:03:50 PM PST by Sub-Driver

Democrats to Obama: Tap strategic oil reserve

By: Darren Goode February 25, 2012 06:26 PM EST

Gasoline prices are on a dramatic rise, and everybody's got advice for the White House.

No surprise, Republicans are reviving their "Drill, Baby Drill" catcalls from 2008, but liberals in Washington are getting nervous and asking President Barack Obama to tap into the Strategic Petroleum Reserve as a potential panacea for escalating gasoline prices.

Picking up on the themes of a speech he gave Thursday at the University of Miami, Obama used his weekly radio address Saturday to remind Americans of his view that if prices at the pump rise as expected in the coming months, “there are no quick fixes to this problem, and you know we can’t just drill our way to lower gas prices.”

He also warned that rising gas prices could hurt any economic recovery. While there is “no silver bullet that will bring down gas prices or reduce our dependence on foreign oil overnight … what we can do is get our priorities straight, and make a sustained, serious effort to tackle this problem,” Obama said.

The potential danger to the economy — and the president's reelection chances — have liberals urging the White House to unleash the SPR now, before it's too late. The national average for a gallon of unleaded gasoline was $3.65 on Friday, according to AAA.

“Selling reserve oil on the open market is the one step that we know will reduce oil and gasoline prices in the immediate term,” said Daniel Weiss of the Center for American Progress Action Fund. “Every time we sold reserve oil it has lowered oil and gasoline prices. We know it works.”

(Excerpt) Read more at politico.com ...


TOPICS: Breaking News; Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: energy; gasolineprices; obama; oil; partisanmediashills; politico; sop; spr
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But wait, I thought algae was going to solve this. All idiots......every one of them.
1 posted on 02/25/2012 5:03:55 PM PST by Sub-Driver
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To: Sub-Driver

lowers the price by what? 3-4 cents/gal?

It went up 60 cents/gal this week alone in some places.


2 posted on 02/25/2012 5:09:57 PM PST by digger48
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To: Sub-Driver

It will all be sold abroad, just like last time.


3 posted on 02/25/2012 5:11:30 PM PST by Caipirabob (I say we take off and Newt the site from orbit. It's the only way to be sure...)
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To: Sub-Driver

Do not ever tap the reserves, unless it’s a REAL emergency!! This is not one.


4 posted on 02/25/2012 5:12:55 PM PST by smalltownslick
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To: Sub-Driver
,i.liberals in Washington are getting nervous and asking President Barack Obama to tap into the Strategic Petroleum Reserve as a potential panacea for escalating gasoline prices.

Let's see...

Pumping crude out of the ground from the Strategic Petroleum Reserve will lower gas prices.

HOWEVER, Pumping crude out of the ground from new wells will NOT lower gas prices.

Right.

Got it.

.

5 posted on 02/25/2012 5:13:24 PM PST by TLI ( ITINERIS IMPENDEO VALHALLA)
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To: Sub-Driver
liberals in Washington are getting nervous and asking President Barack Obama to tap into the Strategic Petroleum Reserve as a potential panacea for escalating gasoline prices.

Let's see...

Pumping crude out of the ground from the Strategic Petroleum Reserve will lower gas prices.

HOWEVER, Pumping crude out of the ground from new wells will NOT lower gas prices.

Right.

Got it.

.

6 posted on 02/25/2012 5:14:39 PM PST by TLI ( ITINERIS IMPENDEO VALHALLA)
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To: Sub-Driver
And how do you, Mr. Obama, plan to refill the Strategic Petroleum Reserve so that it will be available when there is a truly Strategic need?
7 posted on 02/25/2012 5:15:22 PM PST by BwanaNdege (Man has often lost his way, but modern man has lost his address - Gilbert K. Chesterton)
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To: Sub-Driver

Another example of why no Democrat should be re-elected in this country—ever.


8 posted on 02/25/2012 5:16:23 PM PST by exit82 (Democrats are the enemies of freedom. We have ideas-the Dems only have ideology.)
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To: BwanaNdege

amen, amen, amen!!!


9 posted on 02/25/2012 5:16:50 PM PST by Irenic
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To: smalltownslick

WTF will they do when the reserves are depleted??!!

We will be at the mercy of the muslims and their oil.

THAT may be the plan.


10 posted on 02/25/2012 5:18:27 PM PST by Cowgirl of Justice
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To: Sub-Driver

"We've got to protect our phony-baloney jobs, gentlemen!"

11 posted on 02/25/2012 5:19:46 PM PST by Charles Martel (Endeavor to persevere...)
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To: Sub-Driver

SOB’s


12 posted on 02/25/2012 5:21:34 PM PST by Sacajaweau
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To: digger48

Haven’t they been telling us that this is not a ‘demand’ problem.? If it’s not a demand problem then more oil will not solve the price problem.
Wait, they don’t think logically....never mind.


13 posted on 02/25/2012 5:22:39 PM PST by sheana
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To: Cowgirl of Justice

Agreed.


14 posted on 02/25/2012 5:23:43 PM PST by smalltownslick
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To: TLI

Ping! and BUMP!!!


15 posted on 02/25/2012 5:25:19 PM PST by Doc91678 (Doc91678)
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To: Sub-Driver

If he tries this STUNT, the Republicans should read the legislation authorizing the reserve and if there is NOTHING in it regarding the ability of the president to draw from it to reduce gas prices in an election year, they should get an INJUNCTION against this move.


16 posted on 02/25/2012 5:25:19 PM PST by BobL (I don't care about his past - Santorum will BRING THE FIGHT to Obama)
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To: TLI

Ping! and BUMP!!!


17 posted on 02/25/2012 5:25:34 PM PST by Doc91678 (Doc91678)
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To: Sub-Driver

Again with the strategic oil reserves? Do Dems ever have any new ideas, or even any old ideas that work?


18 posted on 02/25/2012 5:35:01 PM PST by Eleutheria5 (End the occupation. Annex today.)
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To: TLI

If ever there was a post that merited a double-post, it’s this one.


19 posted on 02/25/2012 5:35:30 PM PST by WhistlingPastTheGraveyard (Some men just want to watch the world burn.)
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To: Sub-Driver

They tap the reserves at the cheap price we bought themn, then when they replenish them they pay the higher cost.

It’s ridiculous to do this for a short term, but these higher gas prices are going to outlast any reserve we have.


20 posted on 02/25/2012 5:36:24 PM PST by Venturer
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