At least one of the has some sense

[RB TexLa]

Energy Secretary says does not favor tapping SPR

CAMERON, Louisiana (Reuters) - Energy Secretary Sam Bodman on Monday said he did not favor releasing the nation's strategic oil reserves to help bring down record high crude prices.

"You could affect things for a week or a month but you're then in a very sticky wicket," Bodman told Reuters on the sidelines of an LNG event when asked about tapping the reserve.



http://news.yahoo.com/s/nm/20080421/pl_nm/usa_oil_bodman_dc_1

[MercutioATC]

1. Thank god somebody is making some sense.

You wanna quit buying oil for the SPR? Great.

Tapping the SPR to lower pump prices is a gross abuse of the SPR program. It's meant to be a defense-based buffer, not a way to influence the petroleum market.

Besides, it wouldn't make any substantive difference.

[cayuga]

2. Does anyone know if gas can be stored?

If there are gas reserves, is it possible for the average person to stock up on gas for an extended period of time? I envision every back yard sporting an underground tank.

[Warpy]

3. Bullshit.

That is exactly the reason the Strategic Oil Reserve was created by Carter and it is exactly what brought prices down in the 80s and kept them down through the 90s.

This duplicitous asshole is covering for the fact that this bunch of crazy people expects to use it when the tap from OPEC is shut off completely when they expand their corporate war in the Middle East.

Don't expect them to use it to get us fuel at the gas pump. They expect to use it to power the military.