{"id":3855,"date":"2011-03-07T14:56:51","date_gmt":"2011-03-07T19:56:51","guid":{"rendered":"http:\/\/www.jasetaro.com\/blog\/?p=3855"},"modified":"2011-04-17T16:14:14","modified_gmt":"2011-04-17T20:14:14","slug":"white-house-hey-let%e2%80%99s-tap-into-the-strategic-petroleum-reserve","status":"publish","type":"post","link":"https:\/\/www.jasetaro.com\/blog\/2011\/03\/07\/white-house-hey-let%e2%80%99s-tap-into-the-strategic-petroleum-reserve\/","title":{"rendered":"White House: Hey, Let\u2019s Tap Into the Strategic Petroleum Reserve"},"content":{"rendered":"<p>President Obama\u2019s Chief of Staff Bill Daley floated what might turn out one top ten stupidest ideas of 2011 during an appearance on Meet the Press yesterday&#8230; suggesting the Obama Administration may tap into the strategic petroleum reserve as way to help <a href=\"http:\/\/www.reuters.com\/article\/2011\/03\/06\/usa-energy-reserves-idUSN0626640920110306\" target=\"_blank\">ease soaring oil prices<\/a>:<\/p>\n<blockquote><p>White House Chief of Staff Bill Daley said on Sunday the Obama administration is considering tapping into the U.S. strategic oil reserve as one way to help ease soaring oil prices.<\/p>\n<p>Speaking on NBC television&#8217;s &#8220;Meet the Press,&#8221; Daley said: &#8220;We are looking at the options. The issue of the reserves is one we are considering. &#8230; All matters have to be on the    table.&#8221;<\/p>\n<p>There has been support among Senate Democrats for tapping the reserves. Senator Jay Rockefeller on Thursday became the third Democrat to ask President Barack Obama to tap America&#8217;s emergency oil supply to cool prices that have risen past $100 a barrel on the strife in Libya.<\/p><\/blockquote>\n<p>Heh, I&#8217;d laugh, but this isn&#8217;t funny&#8230;. the strategic petroleum reserve exists to protect the United States against an interruption of petroleum supplies, not to try and temporarily drive down oil prices.<\/p>\n<p>Jazz Shaw sums things up nicely over at <a href=\"http:\/\/hotair.com\/archives\/2011\/03\/07\/hey-lets-tap-into-the-strategic-petroleum-reserve\/\" target=\"_blank\">Hot Air<\/a>:<\/p>\n<blockquote><p>So let me see if I\u2019ve got this straight:<\/p>\n<ul>\n<li>Oil and gas prices are rising in response to well established laws  of supply and demand. Since we\u2019re not going to magically produce all the  energy we need for the next few years through \u201cgreen initiatives\u201d a  good portion of this will have to come from fossil fuels for the  foreseeable future.<\/li>\n<li>We\u2019re not producing enough oil domestically because the federal  government is sitting on drilling permits like they\u2019re holding hostages.<\/li>\n<li>The foreign sources of oil from many of our overseas suppliers (who  we\u2019re supposed to be reducing our dependency upon because most of them  don\u2019t like us very much to start with) are now endangered as several of  these countries totter on the brink of collapse.<\/li>\n<\/ul>\n<\/blockquote>\n<p>Shaw&#8217;s second point about domestic oil production is an important one&#8230; This administration has been choking off domestic natural gas and oil production while at the same time trumpeting so called &#8220;green energy&#8221;.<\/p>\n<p>The simple truth is it&#8217;s bullshit, whether we like it not, whether we want to admit it on not oil, natural gas and coal are the life blood of our economy and will be for the foreseeable future. To deny that reality is the height of political wishful thinking. I&#8217;m not saying we shouldn&#8217;t be investing in green energy technologies like solar and windmills. We have to be realistic though, neither of them is going to replace oil, natural gas or coal as our primary energy sources anytime soon.<\/p>\n<p>We should be doing everything possible to tap into domestic oil and natural gas supplies not choking off their production in favor of &#8220;green energy&#8221; technologies that can&#8217;t\u00a0 possibly meet current demands.<\/p>\n<p><strong>Related<\/strong><\/p>\n<ul>\n<li><a href=\"http:\/\/www.washingtontimes.com\/news\/2011\/mar\/7\/government-posts-biggest-monthly-deficit-ever\/?utm_source=RSS_Feed&amp;utm_medium=RSS\">Government posts biggest monthly deficit ever<\/a> &#8211; Washington Times<\/li>\n<li><a href=\"http:\/\/finance.yahoo.com\/news\/Oil-nears-107-a-barrel-apf-1795922480.html?x=0&amp;sec=topStories&amp;pos=1&amp;asset=&amp;ccode=\" target=\"_blank\">Oil settles above $105 a barrel, gas above $3.50<\/a> &#8211; Associated Press<\/li>\n<li><a href=\"http:\/\/hosted.ap.org\/dynamic\/stories\/U\/US_PRICING_GAS?SITE=MOJOP&amp;SECTION=HOME&amp;TEMPLATE=DEFAULT\" target=\"_blank\">Gas prices are about more than just oil<\/a> &#8211; Associated Press<\/li>\n<li><a href=\"http:\/\/dailycaller.com\/2011\/03\/07\/salazar-appeals-court-decision-forcing-him-to-act-on-drilling-permits\/\" target=\"_blank\">Salazar appeals court decision forcing him to act on drilling permits<\/a> &#8211; The Daily Caller<a href=\"http:\/\/dailycaller.com\/2011\/03\/07\/salazar-appeals-court-decision-forcing-him-to-act-on-drilling-permits\/\"><br \/>\n<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>President Obama\u2019s Chief of Staff Bill Daley floated what might turn out one top ten stupidest ideas of 2011 during an appearance on Meet the Press yesterday&#8230; suggesting the Obama Administration may tap into the strategic petroleum reserve as way to help ease soaring oil prices: White House Chief of Staff Bill Daley said on [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[26,7],"tags":[462,1142,1141],"class_list":{"0":"post-3855","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy","7":"category-politics","8":"tag-obama-administration","9":"tag-oil-prices","10":"tag-strategic-petroleum-reserve","11":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfpI7-10b","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":4058,"url":"https:\/\/www.jasetaro.com\/blog\/2011\/06\/18\/ouch-white-house-chief-of-staff-calls-presidents-economic-policies-indefensible\/","url_meta":{"origin":3855,"position":0},"title":"Ouch: White House Chief of Staff Calls President&#8217;s Economic Policies &#8220;Indefensible&#8221;","author":"Jeff","date":"June 18, 2011","format":false,"excerpt":"From the Daily Caller: White House Chief of Staff Bill Daley took heat from business executives Thursday for the Obama administration\u2019s regulatory expansions. Daley also said he didn\u2019t have any good answers for some of what President Obama is doing and expressed frustration about the \u201cbureaucratic stuff that\u2019s hard to\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2824,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/10\/07\/sarah-palin-dollars-troubles-show-need-for-energy-independence\/","url_meta":{"origin":3855,"position":1},"title":"Sarah Palin: Dollar&#8217;s Troubles Show Need for Energy Independence","author":"Jeff","date":"October 7, 2009","format":false,"excerpt":"Two days ago the British newspaper The Independent published a rather dubious report by Robert Fisk claiming that\u00a0 oil-producing Arab states along with China, Russia, Japan and France were conspiring on a plan to dump the dollar for oil trading, a move which would seriously weaken our currency and influence\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3955,"url":"https:\/\/www.jasetaro.com\/blog\/2011\/03\/16\/ouch-food-prices-soar\/","url_meta":{"origin":3855,"position":2},"title":"Ouch: Food Prices Soar","author":"Jeff","date":"March 16, 2011","format":false,"excerpt":"The Federal Reserve has been on a media campaign to sell its monetary policy to main street, but as the Wall Street Journal noted yesterday it hasn't gone smoothly. Frankly, I have to wonder how the Fed will spin this mornings\u00a0 news about the surge in wholesale prices, which were\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/05\/06\/gas-prices-and-politics\/","url_meta":{"origin":3855,"position":3},"title":"Gas Prices and Politics","author":"Jeff","date":"May 6, 2008","format":false,"excerpt":"The only thing worse than a trip to the gas pump these days is listening to John McCain, Hillary Clinton and Barack Obama talk about energy policy. John McCain and Hillary Clinton both say they'll bring us relief at the pump with a temporary moratorium on the 18.4 cent per\u2026","rel":"","context":"In &quot;Money &amp; Investing&quot;","block_context":{"text":"Money &amp; Investing","link":"https:\/\/www.jasetaro.com\/blog\/category\/money-and-investing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/05\/29\/congress-to-blame-for-high-oil-prices\/","url_meta":{"origin":3855,"position":4},"title":"Congress To Blame For High Oil Prices?","author":"Jeff","date":"May 29, 2008","format":false,"excerpt":"That's what Mackubin Thomas Owens says in an OpEd piece in today's Wall Street Journal. Gasoline prices are through the roof and Americans are angry. Someone must be to blame and the obvious villain is \"Big Oil\" with its alleged ability to gouge consumers and achieve unconscionable, \"windfall\" profits. Congress\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2627,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/08\/19\/pres-obama-backs-offshore-drilling-just-not-in-u-s-waters\/","url_meta":{"origin":3855,"position":5},"title":"Pres. Obama Backs Offshore Drilling&#8230; Just Not in U.S. Waters","author":"Jeff","date":"August 19, 2009","format":false,"excerpt":"I was going to comment on this Wall Street Journal editorial yesterday but I didn't get to it... In short the Obama Administration has finally embraced offshore oil drill, unfortunately it's not in the U.S.: You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil.\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/www.jasetaro.com\/blog\/category\/energy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/3855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/comments?post=3855"}],"version-history":[{"count":0,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/3855\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/media?parent=3855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/categories?post=3855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/tags?post=3855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}