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Time to tap the Strategic Petroleum Reserve?

View Poll Results: Time to tap the Strategic Petroleum Reserve?
Yes, give us a break. 16 48.48%
No, this is not an emergency. 15 45.45%
What's the Strategic Petroleum Reserve? 2 6.06%
Voters: 33. You may not vote on this poll

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Old 05-18-2004, 6:57 AM
  #1
 
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Time to tap the Strategic Petroleum Reserve?

With all the talk of the SPR being at record highs, and calls to use the reserve to ease prices, I am curious what the opinions on this board are.

Tap the Strategic Petroleum Reserve?

Further, do you think that tapping the reserve will abate prices, or just make us more vulnerable in the future?

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Old 05-18-2004, 7:55 AM
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Re: Time to tap the Strategic Petroleum Reserve?

I say tap it. The economy is hurting bad enough(look at the stock market, it's plummeted over the last week or so). With rising fuel prices it'll continue to hurt us, possibly to the point where it might take decades to recover.
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Old 05-18-2004, 10:29 AM
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Re: Time to tap the Strategic Petroleum Reserve?

Yeah, we should be using it. However, we should also be building new refineries and upgrading the few we have. That is another big chunk of the expense. The green extremes have screwed us over on the oil front on many levels.
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Old 05-18-2004, 11:19 AM
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Re: Time to tap the Strategic Petroleum Reserve?

No way we should use it. It's right in the title "STRATEGIC reserve". What in the hell is strategic about gas prices? Let them run high and make people learn that they need to use less fuel.

This is a problem with the thinking of a population that hasn't had a real strategic problem on our home soil in more than 150 years (and never a strategic problem where energy is important).

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Old 05-18-2004, 11:58 AM
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Re: Time to tap the Strategic Petroleum Reserve?

I voted no.....

I don't think this is an emergency, and using it only signals OPEC that we have little resolve with concern to rising prices.

Imho, gasoline has been undervalued in this country for quite awhile anyway....it was only a matter of time before things equilibrated.....
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Old 05-18-2004, 12:09 PM
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Re: Time to tap the Strategic Petroleum Reserve?

Another No here....this isn't an emergency.

Gas prices here aren't much different than they were last year at this time. Is that not true in the Midwest?
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Old 05-18-2004, 4:24 PM
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Re: Time to tap the Strategic Petroleum Reserve?

This isn't an emergency. Yet. Wait until closer to th election. You should never waste resources, er........ like a natural vote winner.

PS Did I read correctly that the US consumes 45% of the world's petroleum? What are we all gonna do when China decides that bicycles are " you know, like SO last century, man"

PPS read somewhere today that oil resrves will all be gone by 2050.

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Old 05-18-2004, 4:31 PM
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Re: Time to tap the Strategic Petroleum Reserve?

That is already happening...in fact China is building a huge reserve right now, and that is one of the zillion reasons why oil is high right now...

China's Oil Reserve


Edit:
Concerning votes....the White House said today they stand firm in not tapping the SPR.....while John Kerry made a speech today calling for the spigots to turn on. So you are correct in your statement that someone is using it for votes....
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Old 05-18-2004, 4:55 PM
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Re: Time to tap the Strategic Petroleum Reserve?

Proto, we create products (and money) world wide commensurate with our energy usage.

Go compare GDP to oil usage....the truth is out there.
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Old 05-18-2004, 5:08 PM
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Re: Time to tap the Strategic Petroleum Reserve?

Actually while the press keeps hyping the "price" of gasoline being at it's highest ever, the "cost" of gasoline remains low.
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Old 09-24-2004, 3:15 PM
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Re: Time to tap the Strategic Petroleum Reserve?

Looks like we are going to tap it for Ivan...
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Old 09-24-2004, 3:29 PM
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Re: Time to tap the Strategic Petroleum Reserve?

I still vote no...

Strategic is when canadians invade our country and we need fuel for jets to bomb them back to france.

I don't agree with tapping it at this time.
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Old 09-24-2004, 3:40 PM
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Re: Time to tap the Strategic Petroleum Reserve?

I swear I just paid $2.03 last week. Its not like a few weeks ago when it was 2.35? I can almost get my tank full on $50 again. Whats the dealio?

Bah... Invade mexico!!
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Old 09-24-2004, 4:23 PM
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Re: Time to tap the Strategic Petroleum Reserve?

When Canada becomes the 52 state you take our oil!!
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Old 09-28-2004, 11:06 AM
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Re: Time to tap the Strategic Petroleum Reserve?

That's natural gas and oil shale, soon2b954. Biggest reserves on the planet. Canada doesn't need a strategic reserve, does it?

Why on earth is a normal price rise to match economic conditions a reason to use the US strategic reserve? Not mine to vote, but I voted no anyway.
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Old 09-28-2004, 11:31 AM
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Re: Time to tap the Strategic Petroleum Reserve?

Quote:
Originally Posted by Baketech
Looks like we are going to tap it for Ivan...
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Old 08-31-2005, 10:13 AM
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Re: Time to tap the Strategic Petroleum Reserve?

The SPR and Katrina.....
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Old 08-31-2005, 10:28 AM
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Re: Time to tap the Strategic Petroleum Reserve?

Luckily I bought a couple of gallons last week and froze them.
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Old 08-31-2005, 10:33 AM
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Re: Time to tap the Strategic Petroleum Reserve?

Yea I heard that this morning. Dumbasses.

HD
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Old 08-31-2005, 10:36 AM
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Re: Time to tap the Strategic Petroleum Reserve?

Save 'em for WWIII
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Old 08-31-2005, 2:02 PM
  #21
 
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Re: Time to tap the Strategic Petroleum Reserve?

Tap into it and send it to canada so our premium gas won't be $1.25 a LITER(1/4 gallon) more than 2 times the price of you guys, why not ask the guys from overseas what they would think of gas for 2 bucks a gallon, pretty sure they would take it in a minute.
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Old 08-31-2005, 2:49 PM
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Re: Time to tap the Strategic Petroleum Reserve?

Quote:
Originally Posted by Northern RR
Tap into it and send it to canada so our premium gas won't be $1.25 a LITER(1/4 gallon) more than 2 times the price of you guys, why not ask the guys from overseas what they would think of gas for 2 bucks a gallon, pretty sure they would take it in a minute.
This thread is about gas prices...not taxes...
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Old 08-31-2005, 3:02 PM
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