Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (404271)	8/4/2008 5:02:32 PM
From: i-node	Respond to of 1574852

This "inconvenient truth" was sometimes defended by the liberals on this thread, including Ted. Oh, I remember it well. But the SPR charter specifically excluded gasoline prices as a valid reason for tapping the SPR. It seems that the only time it is okay is when the Dems want to use it as a political tool. It is pathetic. That facility was put there for reasons of providing the biggest possible buffer in the event of a true crisis (not merely a gas price crisis). There are three circumstances under which oil may be (by law) drawn from the reserve: 1) Full drawdown to counter “severe energy supply disruptions” 2) Limited drawdown to prevent or reduce the adverse impacts of a “supply shortage of significant scope or duration” (such drawdowns are limited to 30 million barrels, 60 days, and in no case are allowed to lower the SPR below 500 million barrels) 3) Test sales of very small quantities of oil The only apparent emergency one can see is that Obama is losing ground in the polls. It is pandering.