Originally Posted By: KITT
And if Bush just put 10 billion barrels of oil from the reserve into the market, prices "should" drop significantly. But he had to pay for Jenna's wedding somehow, didn't he?
omg, do you really believe that will solve anything? according to CIA World Fact Book, we have about 21billion
barrels proved reserves on hand.

http://www.fossil.energy.gov/programs/reserves/spr/spr-facts.html
 Quote:
Oil can be pumped from the Reserve at a maximum rate of 4.4 million barrels per day for up to 90 days, then the drawdown rate begins to decline as storage caverns are emptied. At 1 million barrels per day, the Reserve can release oil into the market continuously for nearly a year-and-a-half.


we consume 9,253,000 barrels/day (388.6 million gallons/day) gasoline per day.

so you think that releasing, what are essentially emergency reserves, that will last us about 3wks is going to have any measurable affect on the economy?

I say tough shit. people are and should just have to scale back their consumption to keep pace with rising prices. overindulgence, greed and laziness made their bed, now they have to lie in it. by that i mean the american populace.

State Is Murder.