US Will Now Raid Our Own Emergency Oil Reserves In Dem Gimmick To Save Consumer 5 Cents A Gallon
Photo of Texas in 1971
Thank you DemocRATS. The problem with this, is that tapping into the strategic reserve will only drop the price of gas about five cents a gallon. But because they needed to look good to the voters, the same Dems who dismissed Hillary Cliton’s proposal to drop the 18 cents a gallon federal gas tax as a gimmick that didn’t save the consumer more enough money, have instead, with the MSM dutifully abandoning any watchdog responsibilites, have decided to make law a DANGEROUS gimmick that saves the consumer even less, virtually nothing. The strategic reserve was needed in Katrina, God knows what it may be needed for next. The most likely thing is the military, and if the Dems can cripple the military’s ability to act without anyone realizing that, they’re all for it. This is nothing short of madness.
WASHINGTON - The Energy Department says it has canceled oil shipments into the Strategic Petroleum Reserve beginning in July when the current purchase contract expires.
The move came days after Congress passed legislation requiring the president to suspend the shipment into the reserve in hopes of lowering gasoline prices.
The Energy Department said it will not sign contracts for new shipments of 76,000 barrels of oil a day for the six-month period beginning July 1. President Bush had opposed halting the shipments, arguing that such a relatively small amount of oil would not influence prices. Current shipments will continue. The reserve is 97 percent full, holding 701 million barrels of crude.
(AP)
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