Comments on: U.S. Department of Energy opens oil reserve for Georgia

By: o

Sat, 04 Oct 2008 13:54:02 +0000

Dale you are wrong, wrong, wrong.

Read it for yourself:
http://www.law.cornell.edu/uscode/42/usc_sec_42_00006241—-000-.html

(If the link doesn’t work, that is US Code:TITLE 42 > CHAPTER 77 > SUBCHAPTER I > Part B > § 6241)

The branches of the military maintain their own petroleum reserves.

By: Dale C

Dale C — Thu, 02 Oct 2008 20:01:46 +0000

The Strategic Petroleum Reserve is intended for the purpose of ensuring adequate short term supply to our military. Once the camels nose is in the tent, the SPR may become like Social Security, an empty account with a nifty name.

By: O

Thu, 02 Oct 2008 17:30:43 +0000

Seems like a pretty strategic use to me. In general, refinery capacity is the bottleneck, not crude supplies.

In the short term it makes perfect sense to tap crude reserves to keep production going as they will be topped off when supplies return to normal.

By: DaleC

DaleC — Thu, 02 Oct 2008 14:45:06 +0000

Using the SPR is stupid.

Reducing legal barriers (like licensing from out of state) is smart.