New Kerry Campaign Slogan

[madape]

And while it is almost assuredly true that oil prices will dip below what they are today, it is probably equally as true that they will go higher. Just because there is fluxuation in the market is no reason to postpone buying a commidity that you have a pressing need for to help insure the safety of your nation.

The price of oil is not "almost assuredly" going to decrease in the short term. The fact is that we don't really know where it's going. Oil and oil futures are sold at market generated prices, which means that all the information and uncertainty available to the public is already built into the current price. Delaying the purchase of oil based on an anticipated drop in prices is similiar to trying to "time" the stock market... a strategy that has lead to financial ruin for countless individual investors. My point here is that the government should not be using speculative investment strategy with our tax dollars... certianly not for something as vital to our national security as the strategic petroleum reserves.

[LRB]

Madape I concure that it is highly unlikely that we will see any significant dip in oil prices in the near future. And I just as heartedly agree that it is an unwise course for the government to try and arificially manipulate the oil market in such a way most especially when our national security is on the line. Never have we needed the oil reserves more than when we are at war, and we are currently at war.

[Mavdog]

Originally posted by: LRB
Mavdog a 30 day supply of oil is a crucial part and intergral part of our self defense. It does not however stand alone. If you take the simpleton method of looking at this, which you do seem determined to do, then it may at 1st glance appear to be a stop gap measure of little use. However if you look at the fully integrated plan it becomes apparent that it does have high value.

The SPR does nothing to defend our country from attack and therefore is not a factor of our "self defense". It is a resource that has questionable value save and except to those who sold the oil to the government in the first place.

30 days give us great leeway to inact measures to repair damage, increase domestic and alternate supplys of oil, even to enact legislation and rationing if necessary. A country the size and military capability of Saddam's Iraq could be brought under the general military control of the US. A great deal of military force can be mobilized to protect those trying to effect repairs on a oil pipeline or other key piece of infrastruce. If nothing else it gives us time to consider and implement contingency plans.

30 days to "increase domestic and alternate supplys of oil"???? Impossible. It is a non-factor in that the supply cannot make an impact. Likewise if we are short of oil and a military force was mobilized it would mean the supply timeline would be even less than those 30 days.

However 30 days is rather sparse, and each additional day could yield much more safety from terrorists attacks. Ideally it would be much better to at least try and double or even triple this. That would be unrealistic to do overnight or probably within a single year. However it is imparitive that we start a gradual move towards this.

So the SPR provides "safety from terrorists attacks"??? No, it doesn't. You deceive yourself if you truly believe this is the case. Terrorists couldn't care less if the US had a SPR or not, and having a SPR doesn't deter their intent to attack the US.

And while it is almost assuredly true that oil prices will dip below what they are today, it is probably equally as true that they will go higher.

Historical pricing says the cost of crude will decrease from the current level. Adding oil to the SPR is not needed, especially at the current price of crude.

Just because there is fluxuation in the market is no reason to postpone buying a commidity that you have a pressing need for to help insure the safety of your nation. We have probably never needed this reserve as much as we today, but it is highly likely that our need will only increase before it decreases because of the war on terrorism that we are so ardently engaged.

If there is a "pressing need" of the SPR to "insure the safety of your nation" why has it not been utilized, and why then is there almost unaniminity that it not be used? Because it is NOT needed. As we are seeing, the markets react to fill the need when there is one. As the price increases supply rises to meet that need. Th SPR is a relic of the past concentration of oil production in one region of the world, and with that region now being only about a quarter of the world's production the time of the SPR is way past.

There is not a valid reason to continue to add oil to the SPR at this time.

However John Kerry and many of his liberal left followers would gladly sacrifice the saftety of their country for the opportunity to gain political control. To me that borderlines on traiterous activity and shows a great lack of character in Kerry. AS to his followers, I'm more inclined to give them the benefit of the doubt and chalk it up to gross ignornance in the majority of the cases.

Great example of rhetoric that has no basis in fact and shows the "gross ignorance" of your position.

[LRB]

Originally posted by: Mavdog



If there is a "pressing need" of the SPR to "insure the safety of your nation" why has it not been utilized

One of the most inane arguments yet. It's like saying that I don't need a life insurance policy because I haven't had to use it. Or even more applicable it's like a major business saying that it doesn't need a disaster recovery plan because it's never had to use the one it has. The SPR is like insurance that hope to never have to use, but want to have because you can't afford not to have it if the need does arise.

And yes it does add to our national defense just as having a reserve supply of MRE's, spare parts, medical supplies, and other items that our armed forces need to keep operating.