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Politics : The Next President 2008
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To: Nicholas Thompson who wrote (2808)4/23/2008 1:51:33 AM
From: John Carragher  Read Replies (1) of 3215
 
tap our petroleum reserve, how would this bring down price? several times it has been suggested by democrats to tap into reserve.. and that was when oil was at $60/ a bbl. china is building a petroleum reserve , we are using 2% less gas in the u.s. now. and prices are still rising. I do not see any real impact in pricing. If he floods market with oil, then shipments scheduled for u.s. will quickly be sold on open market at current world prices.

petroleum reserve should be used for emergencies like iran , vz shutting down supplies etc. not for pricing purposes. we need the reserve to continue to function for thirty days or more.

If you want to control prices , slow down demand further through allocations.. it is much more fair to lower income people than letting prices continue to rise to a point it takes food out of their mouths. prices does not stop those who can afford to pay only those who cannot afford it. allocations is fair to all and cuts into those with ability to buy all the gasoline they want.
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