Suprise - there's a money connection with the Strategic Petroleum Reserve

[T Roosevelt]

From the American Street blog

Always Ignore Their Words
by Dave Johnson

Watching what they do, not what they say, I think this tends to confirm what I wrote before about the Strategic Petroleum Reserve. Bush: Tapping Emergency Oil Would Endanger U.S.:

Bush accused Democrats of playing politics with the rise in gasoline prices, saying that calls by some of them to tap the Strategic Petroleum Reserve would leave Americans more vulnerable if a terrorist attack were to occur.

"We will not play politics with the Strategic Petroleum Reserve," Bush told reporters after a meeting with his Cabinet.

"The idea of emptying the Strategic Petroleum Reserve would put America in a dangerous position in the war on terror," Bush said.

Now, this is obviously crap. Democrats are asking Bush to stop buying oil (using OUR Social Security money to do it) when it's at the highest price ever, not to "tap the reserves." The SPR currently stands at 659 million barrels, with a capacity of 700 million. The government is buying 170,000 barrels of oil each day, at a time of peak demand, driving prices even higher.

Watching what they DO, this is a crony deal, sending 170,000 barrels times $41 each day going from the government to Koch Supply & Trading, LP, a major funder of the Right.

Remember, aside from what they are SAYING, what they are DOING is refusing to stop BUYING MORE OIL at a time of peak demand, at the highest prices ever, when the reserve is just about full anyway.


On edit: HEAVY Repub slant (70/30 for 2004)
Koch Supply
Koch Industries PAC
Koch Industries

[zeemike]

1. Money always figures in dosent it?

I remember when the SPR was created in the seventies during the so called energy crises. I was living ion the Gulf Coast at the time and knew a ships captan and he clamed that they were pumping low grade oil down that hole in Lousiana and paying preimum prices for the oil.
That may be one of the reasons they do not want to pump it out, because it is not worth as much as they payed for it.

[shraby]

2. Why is the strategic oil

reserves down so it needs refilled? When and why did it get used????

[T Roosevelt]

3. It was never really down

Hovered around 500 million barrels under Clinton (max 700). * came in and decided to fill it up, and wouldn't you know that his oil buddies are direct beneficiaries...

[KoKo]

4. Kerry should have stated this plainly then. It allowed Bush to make it

look like Kerry was endangering our reserves which we need in case of a terrorist attack. Bush was all over the media saying that, last week and Kerry was quiet. I didn't even see anything here on DU that Kerry countered by what your post says.

His operatives should have been all over it, and Biden and the rest should have supported him, too.