Should the United States tap into it's strategic oil reserve to moderate gas prices?
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M$3 Answers
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M$
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M$
Your belief that the SPR is intended only for military emergencies is false.
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The Office of Petroleum Reserves manages programs that provide the United States with strategic and economic protection against disruptions in oil supplies. The programs include:
Strategic Petroleum Reserve
Naval Petroleum and Oil Shale Reserves
Northeast Home Heating Oil Reserve
The 727-million-barrel U.S. Strategic Petroleum Reserve is the largest stockpile of government-owned emergency crude oil in the world. Established in the aftermath of the 1973-74 oil embargo, the SPR provides the President with a powerful response option should a disruption in commercial oil supplies threaten the U.S. economy. It also allows the United States to meet part of its International Energy Agency obligation to maintain emergency oil stocks, and it provides a national defense fuel reserve.
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http://fossil.energy.gov/programs/reserves/index.html
At what price does, what you suggest is an 'advantage', the cost of oil become a disadvantage to a stuggling economy?
Even before then, if there is a crisis that disrupts oil production in Saudi Arabia, that would cause a price rise that makes today's prices look cheap. Today's prices are not high enough to cause a crisis, but they do encourage conservation, so the petroleum reserves shoud not be tapped.
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M$
"We are not that far from developing real alternatives."
Name one viable alternative source of energy that the USA is even remotely close to developing that would offset oil by even 10% over the next decade.
Where do you propose to obtain these hugh R&D bucks to 'remake' our economy ?
How do we invest in the future when our wealth is being siphoned off by foreign countries while our own government disallows the utilization of our own resources?
We already have biodiesel for transport and solar and wind for electricity generation. Together with smaller contributions that's all we need. The technology is already here, although research and development will further increase efficiency and reduce cost.
Shadowbear
Wind,solar, and wave are all viable sources that given some serious R & D money could really buy us some time. Methane is readily available, relatively cheap to mine and effecient to use. Third world nation have been running their interal combustion engines on it for years. Hydrogen fuel cells are a reliable source and hold great promise. We are going back to the moon to study the feisiblity of mining it for a common surface element. That element combiined with water and aluminum produces free hydrogen.
If we would go out of the war business we could certainly fund education, science, and research with a fraction of those monies.