Strategic Petrolem Reserve: We missed this "Hot Deal"

[Dave]

Officials: Oil Bidders Not Detailed


By H. JOSEF HEBERT, Associated Press Writer

WASHINGTON (AP) - Energy Department officials acknowledged Wednesday they knew virtually nothing about three bidders chosen to take a third of the 30 million barrels of oil being released from the government's emergency reserve.

Three small companies, including one operating out of a New York City apartment and a second incorporated less than two months ago, were scrambling to obtain financial backing to meet this week's deadline for completing the deals.

Their share amounts to 10 million barrels, worth an estimated $334 million in current markets.
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Robert Kripowicz, the Energy Department's acting assistant secretary for fossil fuels,... said he did not know that Lance Stroud Enterprises was a one-man operation run out of a New York City apartment, nor that a second bidder, Burhaney Energy Enterprises of Tallahassee, Fla., also had little experience in the oil business and was incorporated only in late August.

MAN! Why didn't we think of bidding, obviously almost anyone could .. truly a Hot Deal missed!

 

[JellyBaby]

Your federal government at work. What did you expect?

 

[AndrewR]

It's all Gore's fault! The bastard!!

 

[denali]

From waht I understand of the 30 million barrels of oil that will be released, 20 million will be going to Europe, where they can make more money.

 

[PG]

GORE ON GAS

PAUL EHRLICH'S BOOK, ON GAS PRICES: "The United States could start by gradually imposing a higher gasoline tax-hiking it by one or two cents per month until gasoline costs $2.50 to $3.00 per gallon, comparable to prices in Europe and Japan." (Paul R. Ehrlich and Anne H. Ehrlich, The Population Explosion, 1990, pp. 219-220) On the dustcover of the book, Gore said, "The time for action is due, and past due. Ehrlich has written the prescription." "Higher taxes on fossil fuels. . . is one of the logical first steps in changing our policies in a manner consistent with a more responsible approach to the environment." (Al Gore, Earth in the Balance, 1993, p. 173)

I got this from here

Gore made a public request to Clinton to release some of these reserves in a feeble attempt to buy votes. I hope people can see through this ploy.