Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Nancy Pelosi endorses tapping oil reserve (How about just more drilling and building a pipeline?)
Politico ^ | 3/1/2012 | By SEUNG MIN KIM

Posted on 03/04/2012 5:35:27 AM PST by tobyhill

House Minority Leader Nancy Pelosi (D-Calif.) on Thursday endorsed tapping the Strategic Petroleum Reserve to combat rising gas prices – breaking ranks with her top deputy in the House, who is wary of the idea.

Pelosi said that using the oil reserve was her “personal favorite” short-term fix to not only lower gas prices but also send a message to speculators in the oil markets, whom Pelosi blamed for the increasing costs. The oil reserve, Pelosi said, needs to be “prominently on the table.”

“Every time oil has been diverted or taken from the [Strategic Petroleum Reserve] — one or the other or both — the price at the pump has gone down,” she told reporters. “But even if you don’t subscribe to that, that at least puts a question mark to the speculators that you might do this.”

That’s the argument coming from three House Democrats who have urged President Barack Obama to open up the 700-million-barrel reserve, the oil of which is stored in the Gulf of Mexico. The lawmakers – Vermont Rep. Peter Welch, Connecticut Rep. Rosa DeLauro and Massachusetts Rep. Ed Markey – believe releasing even a part of the oil reserve will affect market speculation and bring down gas prices.

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


TOPICS: Extended News; News/Current Events
KEYWORDS: energy; oil; spr

1 posted on 03/04/2012 5:35:30 AM PST by tobyhill
[ Post Reply | Private Reply | View Replies]

To: tobyhill

Sure, let the taxpayers pay higher prices later to refill the reserve. Good plan! /s/


2 posted on 03/04/2012 5:36:38 AM PST by New Jersey Realist (America: home of the free because of the brave)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

How utterly absurd! These communists need to go ASAP.


3 posted on 03/04/2012 5:40:18 AM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

That ignorant slut has about as much clue re petroleum geology as the halfrican Ø has about patriotism.


4 posted on 03/04/2012 5:41:41 AM PST by tomkat (FU.baraq)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

Uh Ms Pelosi:

You haven’t even refilled the STRATEGIC reserve from the LAST time you used it for a political crutch.

It’s not there for a political tool. It’s a STRATEGIC reserve.

Drill here, drill now.


5 posted on 03/04/2012 5:43:01 AM PST by Cringing Negativism Network ("The door is open" PALIN 2012)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill
speculators in the oil markets = people with money to invest who believe that ObaMao's asinine energy policies will continue to push prices higher.

Not exactly a risky bet, is it?

6 posted on 03/04/2012 5:43:23 AM PST by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill
Nancy is a brain dead slug....she just ambles along leaving her left skewed slime trail.
7 posted on 03/04/2012 5:43:37 AM PST by Vaquero ("an armed society is a polite society" Robert A. Heinlein)
[ Post Reply | Private Reply | To 1 | View Replies]

To: New Jersey Realist
Sure, let the taxpayers pay higher prices later to refill the reserve. Good plan! /s/

here's a method to the insanity - what a fine way to demonstrate that what the government collecteth, the government distributeth to the little peeples that they might have comfort...

8 posted on 03/04/2012 5:44:02 AM PST by trebb ("If a man will not work, he should not eat" From 2 Thes 3)
[ Post Reply | Private Reply | To 2 | View Replies]

To: tobyhill

So it’s not a supply issue?

One Rat Senator asks Saudi Arabia to pump more oil and now we want to tap our reserves? But it’s not a supply issue? Okay got it.


9 posted on 03/04/2012 5:44:38 AM PST by CommieCutter
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vaquero

Yes Good Idea,empty the reserve and make us even more dependant


10 posted on 03/04/2012 5:45:03 AM PST by Craftmore
[ Post Reply | Private Reply | To 7 | View Replies]

To: Cringing Negativism Network

And they strategically want to bring us down.


11 posted on 03/04/2012 5:45:50 AM PST by CommieCutter
[ Post Reply | Private Reply | To 5 | View Replies]

To: tobyhill

There’s a reason it’s called the Strategic Petroleum Reserve and it’s not to combat gas hikes at the pump. Could calls for the release of oil be related to upcoming elections?


12 posted on 03/04/2012 5:46:33 AM PST by Boomer One
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

They are going to let gas prices skyrocket to astronomical heights for a while, then closer to the election or this summer, they will save the day by tapping the reserves, causing the prices to steeply decrease. This is their strategy for winning in November. Pelosi will be a hero for demanding it and 0bamao will be an economic genius.


13 posted on 03/04/2012 5:47:11 AM PST by FrdmLvr (culture, language, borders)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill
Every title from any source that poses a situation or asks a question that makes us scratch our head and suggest, "Hey ______ , why don't you ___ ?",

is nothing more than the expose' of the elite politician mobster thug murderer's attitude of, "Let them eat cake" towards ME ... and I take it personally offensive.

Don't you (all) ??

14 posted on 03/04/2012 5:48:04 AM PST by knarf (I say things that are true ... I have no proof ... but they're true)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

The Libs are getting nervous that Obummer will pay the price for high gas prices. Of course the president’s answer is to property inflate our tires and regular auto maintenance. Forget the pipeline, forget harvesting our own oil.


15 posted on 03/04/2012 5:48:57 AM PST by From The Deer Stand
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

The way the former Shrieker of the House abused military air transports to fly her corrupt botox’d ass all over this country, I suspect the Strategic Petroleum Reserve had to be tapped a long time ago.

That stupid twat is the perfect representative for her district of whores, thieves, perverts and parasites.


16 posted on 03/04/2012 5:49:57 AM PST by mkjessup (Romney is to conservatism what e.coli is to an all-you-can-eat salad bar. NO ROMNEY!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

How about Nancy Pelosi....ditz, I have to be carefull I might lose my sponsors, he he he he he ..........


17 posted on 03/04/2012 5:50:56 AM PST by ronnie raygun (B B)
[ Post Reply | Private Reply | To 1 | View Replies]

To: New Jersey Realist
"Sure, let the taxpayers pay higher prices later to refill the reserve. Good plan! /s/"

But it does give lower gas prices by election time without any messy drilling, etc that may be opposed by her base. All she cares about.

18 posted on 03/04/2012 5:56:12 AM PST by HangThemHigh (Entropy's not what it used to be.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: tobyhill

San Fran Nan is giving away a dirty little secret the Clinton’s would rather nobody know about.

Swap out the SPR for the Oil for Food program and you will recognize how Clinton used OFF to manipulate the world price of oil during his second term.

Can you say “cattle futures” X hundreds of billions?


19 posted on 03/04/2012 5:57:18 AM PST by IMR 4350
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

Utterly mind boggling stupidity here, Nancy. How would tapping into our only emergence reserve, which would only supply our national needs for 34 days, “send a message” to anybody? Other than that we are complete idiots.


20 posted on 03/04/2012 5:59:53 AM PST by mtrott
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

Was there any question that this was going to be done to allow Obama to be elected? Of course, this is what the strategic reserve is for! Just one more piece of evidence (as if we needed it) that Obama and other Democrat politicians would not think twice in selling out America to get elected.


21 posted on 03/04/2012 6:03:46 AM PST by winner3000 (ss)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

Why tap the reserves?

Surely not to ameliorate the monopoly price problem? After all, the dems keep saying more oil won’t reduce price.

So, why do it then?


22 posted on 03/04/2012 6:13:43 AM PST by Principled
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

Why don’t they just release a couple billion barrels from the Strategic Algae Reserve?


23 posted on 03/04/2012 6:13:50 AM PST by Mr Ramsbotham (Laws against sodomy are honored in the breech.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

Yes, the oil reserve was put there to help Democrats when they need it to camouflage all the damage they are doing to the American consumer. That’s Nancy’s fascist anit-American mentality. Mendacity defines her very essence.


24 posted on 03/04/2012 6:14:14 AM PST by WashingtonSource
[ Post Reply | Private Reply | To 1 | View Replies]

To: WashingtonSource

...Strategic Algae Reserve...

Ya - good one. Made me laugh.
tks


25 posted on 03/04/2012 6:24:47 AM PST by bossmechanic (If all else fails, hit it with a hammer)
[ Post Reply | Private Reply | To 24 | View Replies]

To: tobyhill

Nancy is just suckingup to Obama again. If Obama said crap Nancy would say where and how high and ask if he wanted to watch.

She and Steny Hoyer are in a contest to see who can get farther up Obama’s butt.


26 posted on 03/04/2012 6:30:25 AM PST by Venturer
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

how about we just ignore these idiots and drill and do what it takes to get our nation back.


27 posted on 03/04/2012 6:34:13 AM PST by television is just wrong
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill
If the DNC was a doctor you would die of cancer while covered with Band-aids.
28 posted on 03/04/2012 6:38:42 AM PST by bray (More Batting Practice for the Bambino)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

Term limits needed. 1 term for Senators and 3 for Congress. Because if not they will consistently and continually, if given the chance, make bad decisions that inevitably harms America, while working to make themselves look good short term. They will refuse to make the difficult decisions that are needed.

That’s how we got into these costly wars, pork barrel spending, the massive debt, how they spent the Social Security Trust, how we got Medicare Part D, and the health care mandate.


29 posted on 03/04/2012 6:51:57 AM PST by apoliticalone (Honest govt. that operates in the interest of US sovereignty and the people, not global $$$)
[ Post Reply | Private Reply | To 1 | View Replies]

If anyone is interested the following link is to the SPR Quick Facts which give a summary of current and historical actions. We had a draw down of some 30 million barrels in July/August of 2011 that I wasn't aware of.

SPR - Quick Facts & Info


30 posted on 03/04/2012 6:54:04 AM PST by deport (..............God Bless Texas............)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill
When Chuckie begs the Rabs to boost production, it's a good thing.

When the American People Scream to produce our OWN. It's unthinkable, unworkable, and illegal.

31 posted on 03/04/2012 7:41:39 AM PST by rawcatslyentist (BO Stinks! So does Mitts magic underwear!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: New Jersey Realist

It kills the Dems to have all that oil just sitting there , when you can sell it off a piss the money away on some of those GREAT GREEN JOBS


32 posted on 03/04/2012 8:04:12 AM PST by molson209
[ Post Reply | Private Reply | To 2 | View Replies]

To: tobyhill

Tapping the reserve doesn’t have a lasting effect on prices, it only has an impact on our reserves.


33 posted on 03/04/2012 8:13:32 AM PST by G Larry (We are NOT obliged to carry the snake in our pocket and then dismiss the bites as natural behavior.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

Better still let’s put Pelosi and her RAT cohorts out to pasture.


34 posted on 03/04/2012 8:31:36 AM PST by kenmcg (How)
[ Post Reply | Private Reply | To 1 | View Replies]

To: G Larry
Tapping the reserve doesn’t have a lasting effect on prices, it only has an impact on our reserves.

Good point!!! A 30 million barrel disbursement of crude oil from the SPR would be insignificant given that the global demand for crude oil is about 90 million barrels per day. It would only represnt 1/3 of 1 day's global crude oil demand. Thats not going to lower oil prices at all.

By the way, because of Iran most of the world is laying in an supply of crude oil at this time...instead of disbursing oil from their strategic reserves. That oughta' tell you something.

35 posted on 03/04/2012 9:07:57 AM PST by NRG1973
[ Post Reply | Private Reply | To 33 | View Replies]

To: Craftmore

Re: Yes Good Idea,empty the reserve and make us even more dependant!

Exactly!!!


36 posted on 03/04/2012 10:02:59 AM PST by jesseam
[ Post Reply | Private Reply | To 10 | View Replies]

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson