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Politics

President Obama: “I’d Tap That!”

Every major spike in oil prices brings with it a major spike in bullshit discussions of the Strategic Petroleum Reserve. Right on queue, here’s President Obama:

Obama: Ready To Tap Oil Reserve If Needed : NPR.

Trouble is: there’s about 600 million barrels of oil in the SPR and we use about 20 million a day. So, that gives us about a month’s supply, after which time, we won’t have any more reserves. Filling it back up again will require us to – oh yeah! – buy more. So even if the cost of oil goes down slightly as a result of us relying on the SPR, it goes right back up again when we need to fill it up.. unless of course you’d like to go without?

By Tommy Belknap

Owner, developer, editor of DragonFlyEye.Net, Tom Belknap is also a freelance journalist for The 585 lifestyle magazine. He lives in the Rochester area with his wife and son.