Is Bush going to release oil from the reserves

[SofaKingLiberal]

after the hurricane?

[rodeodance]

1. the mines are in the area of Katrina I think.

[Adenoid_Hynkel]

2. GOP line: "that should be used only in an emergency"

gop definition of emergency-only that which interferes with oil company profits-shortages, natural destruction, etc do not apply

[ck4829]

3. Is Bush going to step down?

[blue sky at night]

7. what a wonderful combination of words.............

that just sounded so good.........like, dear come in here and ravish me.
edited to complete the word: wonderful!!

[ck4829]

9. Bush steps down!

That would be a dream come true.

[Fovea]

4. Not if he wants to invade

Iran or Syria.

[BlueJac]

5. Only if he and Cheney can make millions

Fuck George W Bush and Dick "the Prick" Cheney

[SofaKingLiberal]

8. I would think there has to be a money connection

If the price of oil is going to keep going up, whatever he releases would have to be bought back at a higher cost in the future. Or is there more money to be made by the shortage?

[etherealtruth]

6. For the military ...

... once we attack Iran.

[Tahkcalb]

10. Not likely...

...as many (myself included) have been saying they never filled it.
Oh sure they've been paying the oil companies at top prices for a while now.
But have they taken delivery? Or are they playing "it's in the pool" games.
Can you say "Teapot Dome 2:Soft Oil"? :puke:

:edit to add a 'y' in 'they'

[Deja Q]

11. Nope. As a neolibertarian it's sink or swim...

anyone who survives the neocon/neolibertarian plan gets that oil.

[Clovis Sangrail]

12. how would this help?

I'm not being glib, I don't understand.

When oil is released it's either to the government (military vehicles etc) or via a sale at market price. (at least that's how I understand it from http://www.spr.doe.gov/reports/SSPs/ssp.htm )

So unless enough is released to lower the world market price it doesn't seem that it's going to make any difference.

How much would they have to release to lower the world price by ~$8/barrel?

[bleedingheart]

13. Are you kidding....his donors will make a ton more money...

he doesn't give a shit about the average american.

[ovidsen]

14. Crude oil supplies won't be the problem

The problem will be refinery capacity, and how badly refineries in Louisiana and Mississippi are damaged by Katrina. That's what the Houston Chronicle is saying:

(snip) The U.S. has ample crude oil supplies, even if major hurricane destruction trims Gulf oil output and foreign imports, but refining capacity is extraordinarily tight. As a result, prices for gasoline, heating oil, jet fuel and other products have flirted with records and could go even higher this week. (snip)

http://www.chron.com/cs/CDA/ssistory.mpl/nation/3328642

The US government has loads of strategic reserve crude (we all know that), but we're apparently really short of the end products, because refinery capacity has been stagnant as demand rises. This could be due to short-sightedness or conspiracy on the parts of either the government or the oil giants (pick any, all, or none), but those theories aside, the fact is that even if crude reserves are released, the US may not be able to refine enough.

Gas lines, anyone?

[B Calm]

15. He should have did this months ago, just for truckers fuel.

Bringing down the price of diesel would have benefitted all of us and would be a real boost to help get us out of the Bush Economic Disaster!!

[wli]

16. given what's en route it's doubtful he should

They should really be held onto for shortfalls when the post- Peak Oil periodreally kicks in.