Comments on: Don’t fill it up http://polhudson.lohudblogs.com/2008/05/12/dont-fill-it-up/ Political news in the Lower Hudson Valley, New York state. Fri, 10 Feb 2012 13:44:41 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Not-A-Third-time http://polhudson.lohudblogs.com/2008/05/12/dont-fill-it-up/comment-page-1/#comment-32342 Not-A-Third-time Tue, 13 May 2008 01:49:17 +0000 http://polhudson.lohudblogs.com/2008/05/12/dont-fill-it-up/#comment-32342 Hall forgot to mention that the reprieve from higher gas prices by releasing the reserves lasts around 6 days, then goes back up again. I'm sure this wasn't an oversight. Hall forgot to mention that the reprieve from higher gas prices by releasing the reserves lasts around 6 days, then goes back up again. I’m sure this wasn’t an oversight.

]]> By: WaltTrombone http://polhudson.lohudblogs.com/2008/05/12/dont-fill-it-up/comment-page-1/#comment-32334 WaltTrombone Mon, 12 May 2008 22:17:38 +0000 http://polhudson.lohudblogs.com/2008/05/12/dont-fill-it-up/#comment-32334 At the very least, we should stop trying to fill the SPR at the rate of 70,000 barrels per day, especially at $120 a barrel. It's not only increasing demand, but pissing away $8.4M per day, most of which money is ending up in the pockets of OPEC. I don't know if I 'd go as far as the Cato Institute (not exactly a bunch of leftie loonies) and call for the abolishment of the SPR, which would certainly ease demand, but a suspension of purchases for the SPR will definitely decrease demand (driving down prices) and also has the benefit of not costing anything to do. If we insist that Bush is following the law, the more cynical among us might point out that there's a first time for everything. At the least, it's very convenient for Bandar and the boys over there in Qatar and Saudi Arabia that George is so law-abiding in this case. At the very least, we should stop trying to fill the SPR at the rate of 70,000 barrels per day, especially at $120 a barrel. It’s not only increasing demand, but pissing away $8.4M per day, most of which money is ending up in the pockets of OPEC.

I don’t know if I ‘d go as far as the Cato Institute (not exactly a bunch of leftie loonies) and call for the abolishment of the SPR, which would certainly ease demand, but a suspension of purchases for the SPR will definitely decrease demand (driving down prices) and also has the benefit of not costing anything to do.

If we insist that Bush is following the law, the more cynical among us might point out that there’s a first time for everything. At the least, it’s very convenient for Bandar and the boys over there in Qatar and Saudi Arabia that George is so law-abiding in this case.

]]> By: Wahoo http://polhudson.lohudblogs.com/2008/05/12/dont-fill-it-up/comment-page-1/#comment-32327 Wahoo Mon, 12 May 2008 21:24:34 +0000 http://polhudson.lohudblogs.com/2008/05/12/dont-fill-it-up/#comment-32327 Sara is right. Hall isn't right. Not by any definition of of the word "right" is Hall correct. Sara is right. Hall isn’t right. Not by any definition of of the word “right” is Hall correct.

]]> By: Sara R http://polhudson.lohudblogs.com/2008/05/12/dont-fill-it-up/comment-page-1/#comment-32325 Sara R Mon, 12 May 2008 21:17:40 +0000 http://polhudson.lohudblogs.com/2008/05/12/dont-fill-it-up/#comment-32325 Hall's ignorance and political grandstanding is disgusting. The SPR is not to be used for economic concerns. It is a STRATEGIC reserve to be used only to mitigate supply disruptions. Oil can only be released in compliance with federal law--the Energy Policy and Conservation Act. Releases are for emergencies, not high prices. Oil was released from it during Operation Desert Storm (Bush 41) and Hurricane Katrina (Bush 43). As for continued purchases, it was CONGRESS that authorized the SPR to buy oil until it reached 1 billion barrels. At only 727 million barrels now, it still has a way to go. Of course, Hall can work with Congress to change that, but the President is following the law. Hall should use some of that Moveon.Org and George Soros money to buy a clue. Hall’s ignorance and political grandstanding is disgusting. The SPR is not to be used for economic concerns. It is a STRATEGIC reserve to be used only to mitigate supply disruptions. Oil can only be released in compliance with federal law—the Energy Policy and Conservation Act. Releases are for emergencies, not high prices. Oil was released from it during Operation Desert Storm (Bush 41) and Hurricane Katrina (Bush 43).

As for continued purchases, it was CONGRESS that authorized the SPR to buy oil until it reached 1 billion barrels. At only 727 million barrels now, it still has a way to go. Of course, Hall can work with Congress to change that, but the President is following the law.

Hall should use some of that Moveon.Org and George Soros money to buy a clue.

]]>