White House is considering tapping into U.S. oil reserves to ease the raising price of gasoline!
WASHINGTON (Reuters) – White House Chief of Staff William Daley said on Sunday the Obama administration was considering tapping into the U.S. strategic oil reserve as a way to help ease soaring oil prices.
Speaking on NBC television's "Meet the Press," Daley said: "We are looking at the options. The issue of the reserves is one we are considering. It is something that only is done -- and has been done -- in very rare occasions. There's a bunch of factors that have to be looked at. And it is just not the price."
"All matters have to be on the table when you see the difficulty coming out of this economic crisis we're in and the fragility," Daley added.
Congress has pressured the Obama administration to look to the emergency oil supply to ease consumers' fears over rising gasoline prices, which are threatening again to top $4 per gallon at U.S. gas stations.
Higher oil prices could undermine the fragile U.S. economic recovery and politically damage President Barack Obama as he moves toward his 2012 re-election bid.
~ ~ ~
It's my opinion that the United States is going to have to face up to its oil consumption soon or later, and sooner would be better. As long as the price of gasoline is kept low, users will continue to gobble up the product without ever a care for alternative energy sources. The U.S. will continue to go to war to protect its foreign oil rights, big oil companies will continue to be bigger and continue to run the show.
The United States can work on the economic recovery by exploring new energy resources and alternatives. It use to be called Yankee Ingenuity. If Americans have to learn to tighten their belts, not have each and every little tidbit they desire when they desire it, then so be it. Those of us that were around in the years of World War II learned that we could live without having everything we wanted in unlimited supplies.
Since those war times we have grown to be a glutenous and disposable nation. Our wants have grown way beyond need to one of greed. But I am afraid my words will fall on deaf ears. In the end the President's decision will be based upon what will work to get him reelected and not what is best for America and Americans.
Remember how freaked out everybody was about oil just a couple years ago? And then the price went down and everybody was like "nevermind." It's such an odd thing....and yet people don't seem to understand how manipulated they are by the oil companies. The US doesn't get any oil from LIbya, the costs of getting oil out of the ground hasn't gone up. Yet where does this extra money go? To some already very rich people, that's who.
ReplyDeleteIsh, this has been going on for so damn long it makes me crazy. Back in the 70's in California we had odd/even license plate days to get gas. And then people got in a queue. I remember paying my son to get in line and get gas for me early in the morning before I went to work.
ReplyDeleteIf we started today with a new energy plan it would take almost 10 years to get everything implemented. If people continue to drive cars the way they do today there will never be an incentive to grow alternative transportation systems. The closest and most obvious are the two legs we were born with - they really can do more than walk us out to the garage and get in the car.
Then there is plastic bags and plastic bottles....the list goes on and on...