Amazon.com Widgets

Should the U.S. open the Strategic Petroleum Reserve to help ease the pain of oil barrels priced at $135?

  • We have to prepare and strategize right now for a potential oil seize by the ISIS radicals......WAKE UP AMERICA!

    CBS Market Watch just came out with a report today that claims that if the ISIS radicals conquer Baghdad, the price of an oil barrel will double overnight. The President of the USA should be using his phone and his infamous pen RIGHT NOW to sign executive orders that will free up our oil fields. Moreover, he should call every oil company in America and demand that every coal plant, national gas facility and every oil well that we have tapped, pump out oil and pump it out fast. Regardless of the controversy, America needs to be energy independent and be able to do it in the next 12 months. But we need to mobilize. According to a recent study, if oil barrels jump to $200 a barrel, it will create an economic calamity unlike the world has ever seen. We are approaching dangerous situations, unless Obama and Congress do the right things, and RIGHT NOW to protect and defend the USA.

  • We have to prepare and strategize right now for a potential oil seize by the ISIS radicals......WAKE UP AMERICA!

    CBS Market Watch just came out with a report today that claims that if the ISIS radicals conquer Baghdad, the price of an oil barrel will double overnight. The President of the USA should be using his phone and his infamous pen RIGHT NOW to sign executive orders that will free up our oil fields. Moreover, he should call every oil company in America and demand that every coal plant, national gas facility and every oil well that we have tapped, pump out oil and pump it out fast. Regardless of the controversy, America needs to be energy independent and be able to do it in the next 12 months. But we need to mobilize. According to a recent study, if oil barrels jump to $200 a barrel, it will create an economic calamity unlike the world has ever seen. We are approaching dangerous situations, unless Obama and Congress do the right things, and RIGHT NOW to protect and defend the USA.

  • The price of gasoline at the pump is rising each day and U.S. population needs relief from high prices.

    One of the reasons for the high price of gasoline is the shortage of oil, and the demand of oil is very high. If the United States would open the oil reserve, this would help the dependence on foreign oil for a short time. This act would relieve the high demand for gasoline and oil until the economy recovers.

    Posted by: TremendousCornelius99
  • Yes, if we have the ability to reduce the cost of fuel, then we should, but only if we have alternatives coming soon.

    Gas prices are not just related to supply, unfortunately. They are also related to greed, which an increased supply may not ease much. The issue is that if our generation cannot replace the supply, which we cannot without finding huge reserves that have previously been undiscovered, are we ready with an alternative? The higher price reduces consumption (it does for me at least) and this would lead to a longer availability of the product, and/or more time to develop an alternate fuel, and the vehicles/machinery that can run on that product.

    Posted by: Ment0n3
  • No, because the Strategic Petroleum Reserve should be kept for emergency use. A moderate rise in oil prices is an opportunity, not an emergency.

    Higher oil prices give businesses an important financial incentive for research and development of alternatives to oil. In addition, a rise in oil price acts as a goad on consumers to practice conservation. In the long term view, allowing prices to rise naturally is a valuable tool for weaning users away from over-dependence on a finite resource.

    Posted by: UriahDoom
  • Yes they should, because the American public has been fitting the bill of this increased price for too long

    I think it is time to start using the reserve. Personally, I do not understand why the government insists on using imported oil when we already produce it here. It almost seems that we are saving ours for when the rest of the world's runs out. I also think we need to start producing more economical automobiles such as electric to eliminate our need for oil completely.

    Posted by: 54mIsdead
  • What are the reserves for but to ease the cost of oil on the American public?

    Use the reserves. One reason is it will send a message to OPEC that we do not necessarily need their oil because we have plenty of our own. When OPEC gets the message then buy back the oil we used at a lower price. The American public need not bear the burden of high oil costs if we have plenty in reserve. Moreover using the oil will help the economy by stimulating people to spend the savings on other goods and not on gas. This in turn will create jobs. Also if the reserves are used we as a country will search for better sources of energy to fuel our insatiable need.

    Posted by: NabyR4y
  • Opening the Strategic Petroleum Reserve would give Americans relief on their wallets that are more than deserved.

    Opening the Strategic Petroleum Reserve in order to lower fuel costs in United States would be a great way to really "stimulate" the economy. It would be a great move as we edge on towards alternative energy. The technology for efficient electric and hydrogen powered cars exist, so there's no excuse not to make the switch while relieving gas prices.

    Posted by: RayEar
  • The Strategic Petroleum Reserve is for emergencies, and these prices are not an emergency.

    The Strategic Petroleum Reserve was designed for emergencies, such as another oil embargo. It is possible to argue that using Strategic Petroleum Reserve fuel for military, police and emergency services crews (ambulances and life flight helicopters), when fuel is otherwise difficult to get, counts as an emergency. A price spike due to inflation and disruptions in supply chains is not an emergency. A better solution is to reopen drilling in the Gulf of Mexico, open the East and West coasts to offshore drilling and allow for coal and oil development in National Parks. There is not an emergency shortage of fuel. There is a spike in supply due to the government limiting domestic supply, and international supply limited from piracy, OPEC politics and fears of a Middle East war. If the government wants to lower the price, they should allow use of known oil deposits and allow construction of pipelines from coal sand fuels from Canada.

    Posted by: Pir4And
  • The U.S. should not influence oil prices via the Reserve, but, instead, through an actual energy policy.

    The federal government has not had a formal and cohesive energy policy in generations. The appeal of market manipulation through opening the Strategic Petroleum Reserve is obvious, and it is a successful short-term tactic. However, in lieu of a long-term strategy, this tactic, by default, becomes standard policy and keeps the cycle of rising and falling oil prices. Rather than just through a few tax dollars through ethanol and clean energy campaign cycles, Congress should formulate and pass a bill dictating the nation's energy policy and future.

    Posted by: FlakyHerb64
  • The Strategic Petroleum Reserve should not be opened in order to reduce oil cost, as it would have little impact and be a very short term answer to a long term problem.

    The U.S. Strategic Petroleum Reserve should be utilized for only the most serious of national emergencies. Opening it in an attempt to reduce gas prices is misguided, and will have little impact. It would be better to invest in a long term solution to fuel and energy costs, such as striving towards energy independence.

    Posted by: EminentBennett93
  • This Reserve was designed to help in the time of crisis, and we are not yet in a crisis.

    The Strategic Petroleum Reserve is designed as a reserve of petroleum stocks for the nation to use in the time of crisis or national emergency. What the country is facing now is rising prices, due to either the nature of the market, or profiteering by speculators. This should not be depleted to curry political favor. Learn to conserve, drive less and get a more efficient vehicle. If we use this up for political gain, it will not be there when truly necessary.

    Posted by: FLindsay
  • No, because the Strategic Petroleum Reserve exists to fuel critical infrastructure in time of emergency, not to ease consumer dissatisfaction.

    As its name implies, the Strategic Petroleum Reserve serves as a national security contingency in the event of a catastrophic oil shortage. It is intended, by its definition, to keep the government and fundamental infrastructure operating, while emergency policies are implemented to correct the situation, and not to make gasoline perpetually cheap for consumers who continue to insist on inefficient modes of transportation.

    Posted by: eststorm
  • Opening the reserve will not guarantee a reduction in the price of oil, and the Reserve is supposed to reserved for an emergency.

    There is no evidence that the current high costs of oil is linked to a shortage, especially because most of the top 5 corporations are oil companies. Tapping into our emergency reserve of oil may not lower the cost of oil by very much, but it will weaken our chances of riding a real shortage of oil. Gas prices in Europe are two to three times higher than they are here, so while it seems like we are suffering, we really could have it worse.

    Posted by: SingChanc
  • I have a way better way that doesnt put the military at risk

    This is not my idea i actually stole it from China, they label things as "RARE EARTH MATERIALS" then they make it illegal to export these minerals/materials. I think we should nationalize our oil fields or atleast only allow AMERICAN companys mine, extract, and sell the oil in the US only. If you look at the biggest oil spills Exxon Valdees and the Gulf oil spill both spills were BP (british patrolium) and both times spilling american oil buy the millions of barrels on american soil and footing us with a large clean up bill. Oh yeah then raise the gas price. So if you want to limit the dependence on foreign oil then stop giving ours away to get shipped away then taxed and brought back for a large profit. Bring america the jobs and the money we need to run this country like business not a charity or non profit

  • Sometime in the future, but not yet

    Gas prices always spike during Summer months, we should wait until the situation is dire and then open the Reserve.

  • No, the US should not open the oil reserve.

    Our oil prices are going to get worse before they get better. If we open the reserves now, in 10 years we will probably look back and kick ourselves for being so short-sighted, because oil prices will probably be even worse. I think it is incredibly short-sighted to even think about opening the oil reserves when we are not in a crisis situation.

    Posted by: VoicelessEmil67
  • I oppose opening the Strategic Petroleum Reserve to lower the cost of oil, but, instead, I support increasing the federal tax on gasoline.

    I believe that it would be a mistake to tap into the country's Strategic Petroleum Reserve. Despite the short term lowering of gas prices, it would weaken our national security, and have no long term benefit on our country's dependence on foreign oil. On the contrary, an increased federal tax could help fund the infrastructure projects that would improve our country's transportation network, put people back to work, and force people and governments to look for alternative modes of transportation.

    Posted by: MakeshiftJospeh80

Leave a comment...
(Maximum 900 words)
No comments yet.