Clinton says "go" on releasing oil from the emergency reserve bins

JellyBaby

Diamond Member
Apr 21, 2000
9,159
1
81
Sounds like he did something right, at least on the surface. Every independent analysis of the gas situation state doing this will have little impact on prices. Of course Shrub says it's "dangerous" (to he and his cronies' bottom line). My question to you all is this: would Clinton have done it if the elections weren't only weeks away?
 

piku

Diamond Member
May 30, 2000
4,049
1
0
I think this is just another PR thing that is taking pressure away from what we REALLY need to do - _FORCE_ them to release more oil.
 

Windogg

Lifer
Oct 9, 1999
10,241
0
0
Funny how algore is so against "big oil" yet he wants a pittence of oil released on the market. Hell its not enought to impact anything. With his ecoweenies ways you would think that he would want less oil on the market. Guess no oil means no private jets and limos to shuttle his sorry ass around.

Windogg
 

JellyBaby

Diamond Member
Apr 21, 2000
9,159
1
81
Windogg,

You could be right. Big Ben Richardson said he wants to make sure americans have cheap heating oil for the winter. But don't most winter-logged states have heating policies that state nobody can shut down your heat during the winter?

Another thing that bugs me: eventually the government will need to replenish our emergency reserve supply. I'm sure any oil company will gladly sell some crude to the feds. Of course, we all remember $1,000 toilet seats. :(

And windogg, yes, your sig. is blatantly annoying and a waste of bandwidth. Bigtime. ;)
 

Warrenton

Banned
Aug 7, 2000
777
0
0
Not to mention that both Algore and Joseph Liberalman own about $3 million dollars in Oxcidental Petroleum stock.

What we should do is open up the oil drilling in both Alaska, but more importantly in Montana. Montana has quite a large amount of oil, but there is already a small pipelining system in place directly to a refinery. So it gets pumped right to the refinery, very little transport costs.

If you live in the northern Idaho, Washington, or Montana, most of your gasoline is refined in Montana. Lets pump it from Montana, its the cheapest way, and there are already many wells drilled that simply need pumps turned on. This oil would be much cheaper than anything from alaska. Plus we need to allow full production at all sites in the USA.

Rather than using up our reserves, lets actually expand and increase PRODUCTION.
 

Windogg

Lifer
Oct 9, 1999
10,241
0
0
I'll change my sig later people.

To really make a difference you would have to flood the market with hundreds of millions of barrels of oil. i.e. more than people want like during the Asian economic crisis. Of course thsi would go against his stance of hugging trees and crap. You can't have it both ways. Its either cheap oil or less oil consumption. I wonder how many people will buy into this crock. Funny how a year ago algore was against using oil from the reserves.

Windogg
 

kranky

Elite Member
Oct 9, 1999
21,019
156
106
I saw in today's paper that the amount they are going to use from the reserves comes to 6 hours worth of U.S. consumption. How the hell is that going to make any difference? It's just a show for the voters. Gore said in February that using the reserves was a bad idea. Now all of a sudden it's a great idea? He's flipflopped on so many issues I can't keep track any more.

I'm sure it will appeal to voters who look to the government to take care of every nagging irritant in their everyday lives.

Somehow I doubt the reserves were set up to be used any time gas prices bump up a little.
 

JellyBaby

Diamond Member
Apr 21, 2000
9,159
1
81
<< Where is Jimmy Carter when we need him? >>

Probably off doing something far more important than worrying about crude. I kinda like Jimmy (he was a bit before my time politically...never really saw his administration first-hand). Good man back then? Dunno. Good man, now. Yep.
 

Tominator

Diamond Member
Oct 9, 1999
9,559
1
0


<< I don't drive (not until I can buy a hybrid) so it doesn't bother me >>



Wating for one that is actually viable? Might be quite a wait!

JellyBaby We can agree for a change! Carter was a lousy Pres! Can't fault him personally. If you had seen his administration first hand, I promise you you would never want to go back!

Clinton just gave Gore a boost in the popularity poll. In the lomg run, it will not cover up a lack of foresite in this regard. Clinton is known for his lack of foresite....Gore doesn't have any 'site' of any kind!;)

Clinton/Richardson = Failed Energy Policy.....Want More? Vote gore!
 

DABANSHEE

Banned
Dec 8, 1999
2,355
0
0
Pesonally I think OPEC is doing a great job. Its there duty to make sure the citizens of those countries get as much money for every barrel of oil they can - 70% of the money BP gets for the oil they pump out of Iran goes straight into the Iranian govt coffers, BP only makes 30c in every dollar on that oil. If they ween't value-adding it (refining it), it wouldn't be worth their while.

Remember places like Kuwait &amp; Brunei pay every adult citizen a income of like $30000 to do nothing, plus give them all free housing &amp; cradle to grave education &amp; healthcare. Citizens only have too work for their mental well being, foreign guest workers do all the hard 'yakka'. So those govts have to make sure they get as much money as they can from the oil reserve, by keeping the tap only half open.

Fact is the US is about the biggest producer of oil, but because Americans consume so much of the stuff, they need to import most of it too. If American states didn't spend their billions on freeways &amp; spent it on railways instead, Americans wouldnt feel so much like hostages of Opec. Gez I couldn't beleive it when someone told me that Houston has got a population of 7 million &amp; urban sprawl that goes over the horizon, yet they don't even have a railway network, so everyone spends hours a day in peak hour traffic. Plus the way so many people drive those bloody silly big 4x4s (that look like the've never seen a dirt road) or big V8 pickups (that look like the've only had shopping from the supermarket in the back), useally with just one person in it driving to work, just makes the problem worse.

We Aussies can't talk, after all the only cars made in Australia are big RWD 6 cylinder &amp; V8 Holdens &amp; Falcons, plus V6 Camrys/Avalons &amp; Magna/Diamontes, but at least our cities have suburban railway networks that even go into neihbouring satellite towns too. Gez Sydney, a city of 3.5 million has railway sidings bigger than the whole LA subway system, yet metropolitan LA has a population of bloody 15 or 20 million or something.

Then we have Europe where basically the only people complaining about fuel prices are truckies, farmers &amp; cabbies, because just about everyone else uses public transport &amp; most don't even own a car.

I did read an article in the paper that implied that the last think Bush would want would be for the govt to dip into reserves, as that would have a negative effect on prices. Which is the last thing he'd want, as his family trust is making a fortune out of these high prices.

Remember petrol is a fianite resourse (even though there's still plenty of it about), so the odds are its going to go up more than it goes down. Really the situation we have with fuel prices could give the world a chance &amp; the stimulous to adapt, for the future - Alcohol, Hydrogen &amp; public transport are the future, not fossil fuels.
 

KingHam

Platinum Member
Oct 10, 1999
2,670
0
0
In the words of Homer Simpson, &quot;Public transportaion is for losers&quot;.

KingHam
 

Zucchini

Banned
Dec 10, 1999
4,601
0
0
heh, yea americans are pretty stupid:).. and yea i'm one too:( bitch and moan..

luckily i own a civic:)
 

Tominator

Diamond Member
Oct 9, 1999
9,559
1
0
DEBANSHEE As normal when discussing the US you get it half right!

Algore's Family has millions in oil stock.

The release of the reserves is only a band-aid and not a fix. It will temporarily stabilize prices, but it's going to be an expensive winter!

Oh, and the auto business is what drives our economy. We DON'T want to ride busses and trains! In the St' Louis area our Light Rail system is an expensive joke! All it is is payoff to Politician's constituents. Amtrak loses monry every year and because of our booming economy, rail traffic is at it's capacity. Trains are not a viable option in the US.
 

DABANSHEE

Banned
Dec 8, 1999
2,355
0
0
Well I like cars too (they spell freedom), a big V8 Falcon or Holden does the trick nicely. But when it comes to commuting to work, leaving the car in the drive &amp; reading the paper on the train for 40 mins each way, beats spending over an hour every morning &amp; also every evening stuck in peak hour bloody traffic. Plus it works out cheaper too (unless its a company car).

Mind you these days are even better as I just have to walk down the street or across the road &amp; I'm at work (I've seemed to have developed a monopoly on doing all my neihbours gardens &amp; lawns), but you know what I mean.

Of course Amtrak looses money, most railways do, but then roads loose money too. Taking into account the capital investment on the LA freeways &amp; the corresponding interest, plus its on going maintenance the LA freeway system has lost billions since the 50's. Its funny how people expect railways to make a profit, but not roads.

Yet LA had an extensive suburban rail system (actually 2 of them), till they let GM &amp; Goodyear rip it up. Did you here about that. Back in the late 40's &amp; 50's, GM &amp; Goodyear started up a bogus bus company. They then went &amp; bought out just about every suburban rail network (including trams too) in the US, &amp; replaced them with buses. Then over time cut services back so that people got sick of public transport &amp; bought cars on the never never instead. They eventually got busted &amp; sued by the govt under some anti-trust law &amp; fined $10000, even though they destroyed billions in public transport infrastructure. I saw a very interesting British documentary on the whole affair.
 

Lorax

Golden Member
Apr 14, 2000
1,658
0
0
i read earlier that gore was for releasing the reserve and that bush was against it.. so its probably a move to help gore in the polls.
 

Tominator

Diamond Member
Oct 9, 1999
9,559
1
0
It's funny you cannot see the point! In the US, Industry is spread out far and wide. It is our 'cheap' transportation that makes our economy the best in the world by far. As a percentage of the finished product, our transportation system is the most efficient in the world as well.

We have NEVER expected the most extensice highway sysytem in the world to make money. On the other hand the only way Public Transportation ever runs is with subsidies. Amtralk is supposed to be a Company that is not run by the Govenment. If it doesn't make money...TOO BAD!

Just ask the folks in LA about Public trans.....and strikes!

Freedom runs on oil! You might not like it, but that is the way it is.
 

Isla

Elite member
Sep 12, 2000
7,749
2
0
JellyBaby, Tominator

Yeah, Jimmy wasn't a very good politician... too honest and caring. He was kind of before my time, too. I think I was 10 when he was in office.

It seems like good man and good president are mutually exclusive things...

(I said seems, don't flame me)

That's why, even though I am registered Democrat, I was getting all excited over McCain. I'm still registered Dem because I have strong concerns about the environment. I have voted Republican at times. I'm a..... conservative Democrat! I guess what I really am is a Moderate. I sit on the fence all the way! :D :D

Oh, Well. To avoid crapping on this thread: Back to the point.... I don't think Clinton would have done it if there weren't an election on the way.
BTW.... Did you read a crack one of the Wayans brothers made?

He said something like...

&quot;I was born poor, so I was a Democrat. Now that I have money, I don't know what to do!&quot;

LOL! Dang, I know how he feels!!!!
 

Dan

Diamond Member
Oct 9, 1999
5,080
0
0
Another scam. People were predicting last spring that there would be a spike in fuel prices this fall and then Clinton would step in and release some of the Strategic Oil Reserves just in time to help his buddy Gore. What drives me nuts is how stupid Clinton/Gore think the American people are. Even the Washington Post (one of the most liberal newspapers going) recognizes this for the political ploy that it is.
 

Dan

Diamond Member
Oct 9, 1999
5,080
0
0
One more thought here. I don't really feel sorry for the people in the Northeast who have to pay outrageous heating bills.

I know exactly what they are going through because I was born in Vermont and grew up there. Further, all of my side of the family still lives in New England. I point that out just to demonstrate that I understand the dimensions of the problem.

I also realize that as a region, New England has some of the most leftist voters in the country. (Vermont keeps re-electing a member of the Socialist party, Bernie Sanders, to the House.) This is a group that has put environmental concerns above energy development for the last 20 years. A group that consistently votes down nuclear power, new electric plants, etc. A group that wants higher gasoline prices to discourage automobile use.

A group that whines and cries when the logical result of their policies comes home to roost.
 

Soybomb

Diamond Member
Jun 30, 2000
9,506
2
81
Hey Tominator give me the scoop on the metrolink, I'm about 60 miles east of st louis, and have ridden metrolink a few times and found it to be allright, but then again I've only used it a couple times :)

Personally I think its a really dumb idea to release emergency oil reserves because prices are up. I view it as get over it. We're this dependant on oil and other countries have it so much rougher (how much is gas is like Italy, German, Japan, etc) Lets keep our strategic reseves and pay another buck at the pumps or carpool....but I'm not president...yet.

*VOTE FOR SOYBOMB* hehe
 

Tripleshot

Elite Member
Jan 29, 2000
7,218
1
0
Red Dawn

so should Saudia Arabia. We saved there ass too from that dirtbag Saddam that the former Bush didn't have the stomach for finishing off.

I'ld lay you odds that b@stard has alot to do with the price of crude now.
 

Tominator

Diamond Member
Oct 9, 1999
9,559
1
0
Tripleshot We were NEVER supposed to finish off Sadamm! The Gulf War was the most successful campaign in military history.

Saudi Arabia and Kuwait paid us off for their 'War Debt.'



Soybomb We're neighbors!:) I live in New Baden. Where are you?

Metrostink is a payment to big Construction Companies and Local Labor. Do not ever ride it if it snows. A Family visiting here from Denver was riding it after their plane was late at 2AM. At a stop in East St. Louis the conductor told them to get off! No explanation that Metrolink did not run after a certain amount of snow had fallen. Luckily a Cabby saw their plite and 'rescued' them. Barely made the local papers and this is just one instance of many. Their automated ticket 'dispenser' has been prone to failure. Tickets are about a buck to go anywhere in the system. I DO NOT want to subsidize this with higher taxes! Charge what it costs to use it and I'll shut up!;)

The biggest beneficery of the millions spent is Dick Durbin[D. Il.] and Dick Gephardt[D. Mo.] Both get major campaign contributions for bringing the Pork home.