Saturday, June 25, 2011

Obama and the strategic oil reserves

Obama about-face: Tap U.S. oil reserves   Then-Senator Obama called tapping the petroleum reserve "a short-term response to a long-term problem."
http://townhall.com/political-cartoons/michaelramirez/2011/06/24/89078
Obama was against tapping the Strategic Oil Reserve before he was for it. (FAIL from 2008!) "I do not believe that we should use the strategic oil reserves at this point. I have said and, in fact, supported a congressional resolution that said that we should suspend putting more oil into the strategic oil reserve, but the strategic oil reserve, I think, has to be reserved for a genuine emergency. You have a situation, let’s say, where there was a major oil facility in Saudi Arabia that was destroyed as a consequence of terrorist acts, and you suddenly had huge amounts of oil taken out of the world market, we wouldn’t just be seeing $4-a-gallon oil. We could see a situation where entire sectors of the country had no oil to function at all. And that’s what the strategic oil reserve has to be for."
"Today, we discovered what Barack Obama considers a genuine emergency — a drop in the polls: "...

http://townhall.com/political-cartoons/lisabenson

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