Re: US has oil reserve for an emegrencies time to open them up


Gordon Burditt wrote:
> >GregRo wrote:
> >> US has oil reserve for an emergencies time to open them up to keep it
> >> from going up to $4.00 or more a gallon.
> >
> >Terrible idea. For one it would do little, and 2, they are there for
> >REAL emergencies, like the devestation of our infrastruture in a time
> >of war.
>
> Or natural disaster. I don't think we know yet how much the oil
> infrastructure around New Orleans has been damaged by the hurricane.
>
> >> Call your US congressman and demand that the reserves are open to help
> >> control prices.
>
> Controlling prices isn't a legitimate function of government, and
> in this instance, it's a bad idea. The reserve is for real
> emergencies. The recent hurricane might qualify.

MAYBE. But IMO, the reserve should be held for when supplies are
totally cut off, or to the point where they will send us into a
depression if no action is tried.

Even if this hurricane adds another 20 cents/gallon, that isn't going
to affect much at this point.

.

Relevant Pages