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Obama Flip Flops on releasing oil from the Strategic Reserve
Hot Air ^ | August 4, 2008 | Ed Morrisey

Posted on 03/15/2012 9:52:43 AM PDT by GlockThe Vote

I do not believe that we should use the strategic oil reserves at this point. I have said and, in fact, supported a congressional resolution that said that we should suspend putting more oil into the strategic oil reserve, but the strategic oil reserve, I think, has to be reserved for a genuine emergency. You have a situation, let’s say, where there was a major oil facility in Saudi Arabia that was destroyed as a consequence of terrorist acts, and you suddenly had huge amounts of oil taken out of the world market, we wouldn’t just be seeing $4-a-gallon oil. We could see a situation where entire sectors of the country had no oil to function at all. And that’s what the strategic oil reserve has to be for.

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


TOPICS: Business/Economy; Constitution/Conservatism; Government; News/Current Events
KEYWORDS: anwr; energy; keystonexl; oil; opec; strategicreserve; treason
Owned!
1 posted on 03/15/2012 9:52:46 AM PDT by GlockThe Vote
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To: GlockThe Vote
We did it in the Carter administration. It did not lower the price of gas
2 posted on 03/15/2012 9:57:12 AM PDT by 70th Division (I love my country but fear my government!)
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To: 70th Division

He needs to be exposed every second for his lies.


3 posted on 03/15/2012 10:01:36 AM PDT by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: 70th Division

Obama has already done this in June 2011 when he “ordered” released 30 million barrels...we have seen the results.


4 posted on 03/15/2012 10:03:57 AM PDT by Seeking the truth
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To: GlockThe Vote

This is one thing GW refused to do, release oil during his reelection when gasoline was sky-rocketing.


5 posted on 03/15/2012 10:33:01 AM PDT by marron
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To: GlockThe Vote

The communists leaked this BS to up the Market. Every lie has to help our communists leader King Obama.


6 posted on 03/15/2012 10:42:31 AM PDT by Logical me
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To: GlockThe Vote

Obama will tap the strategic oil reserve for a real emergency, winning the election.


7 posted on 03/15/2012 12:03:28 PM PDT by RicocheT (Eat the rich only if you're certain it's your last meal)
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To: RicocheT

baraq tapped the strategic oil reserve last june.
Did he replenish it? doubt it.
Now he is going to tap it again.

More weakening of our strategic reserves.


8 posted on 03/15/2012 8:16:06 PM PDT by Texas resident (Hunkered Down)
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To: Texas resident
Did he replenish it? doubt it

And you'd be right.

The Obama administration released 30 million barrels last June.

The SPR is still 30 million barrels short of full.

9 posted on 03/15/2012 8:20:47 PM PDT by okie01 (THE MAINSTREAM MEDIA: Ignorance On Parade)
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To: GlockThe Vote

Can we at least rename the Strategic Reserve the Declining Poll Numbers Reserve?


10 posted on 03/15/2012 8:23:08 PM PDT by dead (I've got my eye out for Mullah Omar.)
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