Obama Proposes to Swap Oil from Strategic Oil Reserve

Obama should of played Two-Face.

McCain for the past 23 years have not voted once to help American’s, he has done nothing but vote for the rich to get richer. Bush, McCain, Chaney and Republicans have created this mess we now live in.
The was, the bad economy, the housing, oil companies getting richer by the minute. Do you people not realize that they created this mess they want to blame Obama for, they created this mess they now say they want to save us from???? They created the world we now live in the last 8 years and now he wants to save us from it.??? God help us, you people are eating right into this. McCain is trying to save us from him??? It was is judgments, his votes that got us into all of this, now he wants us to believe he is the only one who can save us???

“Who voted for the Bush-Cheney energy bill that was a sweetheart deal for oil companies. It was Lord Obama, not McCain. Also $400,000 from big oil contributors that Barack Obama has already pocketed in this election.”

I’m glad Obama is paying attention the struggles of us common folk.

Senator Obama’s plan is a solid one. He knows that Off-shore drilling is not a good short-term option, and that we need to develop more alternative fuels. In contrast, McCain just plans to keep us in Iraq – so he can control the Iraqis’ oil fields. McCain’s plan is ridiculous. We need change in this great nation of ours. We need to elect Senator Obama because he understands the Iraq war was a mistake from the start. Let’s help Senator Obama. Just visit his campaign site at this URL: http://www.BarackObama.com – and learn about how you can help the campaign. And remind your friends to register to vote!

Can Senator Obama be nominated ‘THE FLIM FLAM MAN OF THE CENTURY’? I certainly think so. More pandering to uninformed voters. Is there any issue he has not changed his stance on????

In August 2005 Obama said, talking about the President’s Decision to Release Oil from the Strategic Petroleum Reserve “…that we shouldn’t be tapping the reserve to provide a small, short-term decrease in gas prices.”
He said that he did “…agree with the President’s decision to release oil from the Strategic Petroleum Reserve to help replenish supply shortages resulting from Hurricane Katrina.”
But, “…that this tragedy makes it very clear that that the reserve should only be used in the event of an emergency, and that we shouldn’t be tapping the reserve to provide a small, short-term decrease in gas prices.”
Now I know that his new position is a bit more nuanced. I’d go even further by saying it’s nuanced on purpose so that he doesn’t seem like he’s a double talker. But if you look at what his goals are, his positions just don’t jive. (And “NO” I’m not insinuation anything with the word “jive”.)

It is getting clearer everyday that Barack Obama is just another political chameleon. A lot of people now finally understand what he meant by “Change”. That is, to change any of his previous stand and positions in order to get elected. Rasmussen latest tracking (8/01 to 8/03) shows McCain already leading Obama. Woo Hoo!!!
Poor Democrats, you are so gullible. That’s the reason you are always Loser!

The oil reserves are supposed to be saved for American to use in case of an emergency. Squandering the reserves, as a political ploy to temporarily appease the voters is grossly irresponsible. What if a real emergency happens, like a disturbance in the straits of Hormuz, after we diminish the strategic oil supply, and we’re caught short of a reserve to keep the country from functioning? This kind of irresponsible thinking is just one more reason why we should just say NO to Obama, Pelosi, and Reid.
Keep America strong and secure … elect Senator John McCain in November … and dump Pelosi and Reid ASAP.

Man! This is an exponential decay, first order rate!

Mike: “Obama panders to get votes…”
They all do, Mike. Where have you been?
First, let’s look at this issue as it really is. The Republicans were all about national security, until Iraq wasn’t working out so well. Then they turned their indignation on illegal immigration. It was the newest, most immediate crisis… 30 years in the making.
Then Iraq started to improve, so not a word about illegal immigration. But more recently, Iraq has started making noise about kicking us out. Uh oh, need to change that conversation again.
But this time it can’t be illegal immigration, because Republicans don’t like their own nominee on the issue. So… gas prices; drilling; more oil profits. Its the latest immediate crisis 30 years in the making.

The reserve is for an emergency similar to the oil crisis in 1973-74 or for temporary supply fluctuation. It is not appropriate to draw from it to delay long term solution. Obama and Pelosi need to be more responsible on this issue.

The SPR is 98% full, with over 700 million barrels of oil. To get a perspective, if we were to release 500,000 barrels a day for three months, the SPR would still be over 90% full. The SPR was never meant to be solely a protection against terrorist attacks, but rather, a more general tool to address supply or demand shocks. If the rapid rise of oil these past couple of months doesn’t qualify, then I really don’t know what would. The release of oil from the SPR would affect prices immediately whereas offshore drilling would not have any foreseeable impact on prices until 2030 (according to the Energy Information Association, http://www.eia.doe.gov/oiaf/aeo/otheranalysis/ongr.html).
Another question to ask is, why are we filling up the SPR when oil prices are sky high arguably because of all the uncertainty surrounding the subprime crisis, conflict in the middle east and general global malaise. Why not release this oil now when prices are so high and refill the SPR later, perhaps in a year, when it would still be about 60% full and prices may have come down. Of course this relies on the assumption that oil prices will retreat from its stratospheric levels, with which you may or may not agree.