Funny, but the word strategic leaves me with the impression that the oil reserves would be used to avert a disaster, not to keep us paying $3 a gallon while the middle east has an upheaval.
Perhaps it’s time Congress codified the use of our oil reserves so that they can be reserved for ….well, let’s codify it….what do we want?
Use it during a sudden unexpected stoppage?
Keep it safe for during a shortage during an attack on US soil?
Open it up if a shortage is to be short term (ie big storms in Canada slowing down production) and prices have gone to $200/barrel at 2011 dollars?
We’ve been at $100/barrel before and yes we can do it again. Cripes it might even get the government more money as they collect the taxes.
Thank you to Energy Secretary Mr. Chu who says:
“We don’t want to be totally reactive so that when the price goes up, everybody panics, and when it goes back down, everybody goes back to sleep,” he said.
But maybe it’s time we wrote down when we actually want these reserves opened so that they can’t be used to save an election….
