Flashover 0 Posted May 5, 2006 On April 25, Bush announced his decision to suspend deposits to the SPR under a three-part plan purportedly intended to reduce gas prices in the short term. BUSH: One way to ease price is to increase supply. One immediate way we can signal to people we're serious about increasing supply is to stop making purchases or deposits to the Strategic Petroleum Reserve for a short period of time. I've directed the Department of Energy to defer filling the reserve this summer. Our Strategic Reserve is sufficiently large enough to guard against any major supply disruption over the next few months. So by deferring deposits until the fall, we'll leave a little more oil on the market. Every little bit help. April 26, during his 2004 re-election campaign, Bush denounced then-presidential candidate Kerry's proposal to relieve gas prices by diverting deposits to the SPR. BUSH: [W]e will not play politics with the Strategic Petroleum Reserve. That petroleum reserve is in place in case of major disruptions of energy supplies to the United States. The idea of emptying the Strategic Petroleum Reserve plays -- would put America in a dangerous position in the war on terror. We're at war. We face a tough and determined enemy on all fronts. And we must not put ourselves in a worse position in this war. And playing politics with the Strategic Petroleum Reserve would do just that. BUSH: Today, my opponent, in response to public outcry, proposed that our nation tap into the Strategic Petroleum Reserve. That's bad public policy. The Strategic Reserve is an insurance policy meant for a sudden disruption of our energy supply or for war. Strategic Reserve should not be used as an attempt to drive down oil prices right before an election. It should not be used for short-term political gain at the cost of long-term national security. Share this post Link to post Share on other sites
gocolts 300 Posted May 5, 2006 Focking Al Gore sold one of the nations oil reserves to his own mother.That he will one day inherit!! If you want to talk about playing with our oil reserves? Share this post Link to post Share on other sites
