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re: Are you for the US getting directly involved in the war if Hizbollah attacks Israel?
Posted on 10/15/23 at 12:12 pm to Penrod
Posted on 10/15/23 at 12:12 pm to Penrod
quote:
We don’t need SPR. We make more than enough oil for our own use. If we had a problem it would be refinery capacity which SPR does nothing for. In fact, some of our refineries are tooled to refine oil that we don’t produce. If THAT oil got cut off it would leave us with a refined products shortfall but NOT a shortage of oil. And the oil in SPR cannot be used to ameliorate that.
Anyone bitching about SPR, from a strategic point of view, either does not know what he’s talking about, or is engaging in propaganda.
Long before Biden drained SPR I was in favor of greatly reducing it. And a company I owned had a service contract with them, so my personal interests were in conflict with my advice.
As I point out each time this comes up, we should have refilled SPR during the pandemic when they were practically giving oil away. This would have helped our domestic oil companies and would have been an obvious way for the Federal Government to make money, as EVERY swinging dick with storage capacity did. But the a-hole Democrats would not go along with it because it was Trump’s idea. But it had no strategic value, strictly commercial.
Given all of this - why do we have an SPR?
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