The news is constantly full of headlines, “crude oil inventory at 10, 15, then 17 month highs”
So why doesn’t the government put some of that oil into its strategic reserve?
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Why Doesn't The Government Build Up The Strategic Oil Reserve?
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The news is constantly full of headlines, “crude oil inventory at 10, 15, then 17 month highs”
So why doesn’t the government put some of that oil into its strategic reserve?
Lena A 5:37 am on December 21, 2009 Permalink
Because the Dems would rather lower the price of gas so people can pollute now than plan for the future and safety of the country. See excerpt dated May 13, 2008 below or read the full article:http://www.cnn.com/2008/POLITICS/05/13/c…
WASHINGTON (CNN) — The House of Representatives voted to direct the Bush administration to stop filling the strategic petroleum reserve temporarily in an effort to alleviate increasing gas prices.
Both the House and Senate, which voted earlier Tuesday, exceeded the two-thirds vote required to override the president’s expected veto: The House vote was 385-25, the Senate vote was 97-1.
President Bush opposes the reserve measure because, he said, limiting supplies to the reserve could have national security consequences in the event of a natural disaster or terrorist attack.