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Re: A little more on gas
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Posted by Dug on August 31, 2005 at 20:24:29 from (63.78.69.210):
In Reply to: A little more on gas posted by buckva on August 31, 2005 at 19:20:14:
Good question. The Strategic Petroleum Reserve is located in various locations (about 500) off the gulf coast. There was 600 million barrels in reserve, our "Dumb Ass" President sent another 100 million barrels into reserve in November of "01. (What was he thinking???) The problem today has nothing to do with "quantity" of oil, it has everything to do with our capacity to refine this oil into consumer products; everything form gas to diesle to heating fuel... Our last national refinery was built over 10 years ago. EPA regulations, along with our tree huging friends, have shut down the capitalistic opportunities to profitably build new refineries in this country. Place blame where it belongs! No, it's not "paper oil", it is actual oil held by the US government. It was originally proposed in the '40s, then agian during the oil embargo in '73-74. Ford, in '75 actually started the proccess (the only thing he actually accomplished!). For those that scream for a "strike" to really show how powerful they are, I would only say in response, "I hope Bush shows the same balls Regan showed the Air Traffic Controllers when he fired all the SOBs!" Hurting the average Joe will help nobody, only hurt everyone! Dug
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