Great Moments in Cynicism, the Strategic Oil Reserve Dump Edition

As LC Jackboot already noted, (p)Resident Golfsalot’s sudden decision to release some of our strategic oil reserves in spite of no actual real national emergency smells a bit, and it ain’t of roses either.

It couldn’t possibly have to do with Ogabelini noticing that his poll numbers tend to fluctuate with the price of gas at the pump, could it?

Now, in all fairness, this has been true for all inhabitants of 1600 Penn Ave, but surely there is some other way of influencing global oil prices when you need a boost at the polls? Like, we don’t know, maybe NOT using your executive powers, even executive powers that the Constitution doesn’t grant you in the first place, to put a stop to all expansion of domestic oil production?

Yes, we know: “Opening leases won’t have an effect on oil supply and thus prices for at least [insert random number pulled out of your arse here] years”.

Except it always has in the past. The mere mention of opening up new oil fields has always, always caused global oil prices to plummet in the past, even before the first actual permit had been issued. Just ask Dubya.

The reason being, of course, that those “evil speculators” that the NSDWP always ramble on about as the sole reason oil prices are going up speculate based on anticipation of future production rather than actual production. You don’t want to be the last guy to dump your oil futures after prices have already plummeted, do you?

But that makes too much sense. Much better to dump the oil reserves this nation might need once the shit really hits the fan. Then we’ll have a real crisis to exploit and, as we know, the Ogabelini Fascisti would hate to let a good crisis go to waste. As a matter of fact, they need a steady supply of them to use as excuses for destroying the free nation we used to live in.

Thatisall.

newest oldest most voted
Notify of
Lady M-ITT™-Imperial Sniper G.L.O.R
Admin

Taking the binders off our oil companies and let them do their damn jobs on our own damn soil will do a hell of alot to bring those prices down. Resending the freaking ridiculous taxes on fuel will do even more. If I hear one more asshole liberal whine that we need to stop being dependent on foreign oil and then turn around and scream about “Evil Big Oil” needing to pay up for their eeeevil profits….I may just take a jack hammer and use them for a drill bit to make my own well.

LC Aggie Sith, a goddess, only different, G.G.O.R.
Member

Completely off topic, and my apologies if you have seen this, Sire:

http://www.hudson-ny.org/2219/netherlands-abandons-multiculturalism

It’s almost like bathing in hot fudge 😀

Southern Libertarian
Member
Southern Libertarian

The solution to our energy crises is simple. Just get the government out of the way and let the free market fix this.

LC LOBO
Member

OT, but, hows this for a 180??

WASHINGTON — President Obama says technological innovations such as robots can help pump jobs into the economy and spur growth in clean energy and advanced manufacturing.

And just last week, it was “Technology kills jobs.” Keep spewing asshole.

LC Sir Rurik, K.o.E.
Member

This is brilliant sabotage. It draws down the national petroleum reserves, even whil makit it unlikely they will ever again be refilled.Meanwhile it temoprarily lowers prices prior to an election. And who is serving as the conduit for the oil being released from the reserves? Sounds to me like Teapot Dome squared or quadrupled.

Azygos
Member

Rurik,

Its not to whom the oil is being released its to whom is going to get the contract to refill the reserve. Sell oil that was stored at 10 dollars a barrel and refill at oil that is 100 dollars a barrel. Some one is making a lot of money off this. Makes Teapot Dome look like pikers.

LC Sir Rurik, K.o.E.
Member

Library Czar,

You raise an interesting point … presuming the reservesa are refilled. I suspect The Obomber may choose not to refill them at all, thus leaving us in even deeper trouble, and potentially paralized in time of crisis. He’s repeatedly indicated by word and deed that he wants to take us off a carbon-based economy. He wants to see us back in the neolithic.

Southern Libertarian
Member
Southern Libertarian

Library Czar#6

Its not to whom the oil is being released its to whom is going to get the contract to refill the reserve. Sell oil that was stored at 10 dollars a barrel and refill at oil that is 100 dollars a barrel. Some one is making a lot of money off this. Makes Teapot Dome look like pikers.

Excellent point sir. Follow the money and we shall see who is benefiting from this. My opinion is that this is another fine example of what happens when we allow the government to interfere with the economy. The government always claims that it’s trying to “boost the economy” when they are really just picking winners and losers.

LC Sir Clambake, Imperial Black Ops Technician, K.o.E.
Member

I suspect The Obomber may choose not to refill them at all, thus leaving us in even deeper trouble, and potentially paralized in time of crisis.

Exactly.

The Lone Haranguer
Member
The Lone Haranguer

Let us assume he is doing it solely to drive fuel prices down. It still doesn’t make sense as there is no supply problem and they were trending downwards anyway. Either there is some other reason or he is just plain stupid. Either is possible.

LC hilljohnny
Member
LC hilljohnny

since oil prices are currently dropping would anyone notice if the reserves were not really released? repeat claim to release oil from the reserve several times then declare emergency need to replenish reserves requiring major tax hike to buy the oil.

LC FX Phillips
Member
LC FX Phillips

The real news is that the socialist in chief has implicitly accepted the premise that more supply absent a change in demand reduces price; a premise he and his apparatchiks have previously discounted.

So tell me again why the president is arbitrarily constricting supplies of natural resources when he now accepts the premise that even a promise(as LC Hilljohnny alludes to) of more supply decreases costs for American citizens and business. Could he have some other agenda like the diminishing of the American standard of living in order to implement some other more authoritarian paradigm where he and our self proclaimed betters dictate to us what THEY think is best for us.

LC Spare Parts
Member
LC Spare Parts

The despots in the west wing like to think their policies of deprivation, constriction, over regulation and taxation are the ball game in commodities markets. The key factor is demand outside of north America where governments are pro growth.

LC Jackboot IC/A
Admin

The Lone Haranguer

It still doesn’t make sense as there is no supply problem and they were trending downwards anyway.

Nope folks, I don’t think he’s being even slightly Orwellian here, just cheap political theater for a summer time “bump” at the polls. One that lasts about 4-days. I would hazard a guess that he has no intention whatsoever for restocking the SPR though.

Hilljohnny may be onto something with the idea about using it an excuse for some tax hike, possibly gas tax somewhere. It would be entirely predictable for the administration to couch a ‘temporary’ gas tax to refill the critically needed SPR at some point down the road.

LC Light29ID - The Imperial Asshole
Member

Guess DJ took his bat and ball and went home :em07:

LC Gladiator
Member
LC Gladiator

LC Light29ID growls and barks:
June 26, 2011 at 6:19 pm

Guess DJ took his bat and ball and went home

Shhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
Enjoy the silence Light !!!

LC HJ Caveman82952
Member

Thank You, Dave. Smilies are cool. I knew you would be about, silently keeping tabs on the Rott. I’ve seen that before. :em01:

VonZorch Imperial Researcher
Member
VonZorch Imperial Researcher

The Lone Haranguer growls and barks:

Let us assume he is doing it solely to drive fuel prices down. It still doesn’t make sense as there is no supply problem and they were trending downwards anyway. Either there is some other reason or he is just plain stupid. Either is possible.

Nor are they mutually exclusive.

LC Proud Infidel
Member
LC Proud Infidel

It’s time to muddafuckin’ DRILL, America runs better on AMERICAN oil!!

Southern Libertarian
Member
Southern Libertarian

LC Proud Infidel

It’s time to muddafuckin’ DRILL, America runs better on AMERICAN oil!!

Couldn’t have said it better myself. Well said sir well said. :em01:

Southern Libertarian
Member
Southern Libertarian

BTW, Love the new emotes Mr DJ. They are awesome. :em01: