General Interest

Tap the SPR?


As gas prices hit $4 per gallon, White House spokesman Jay Carney assured Americans on Monday that the administration is well aware of the toll high fuel costs are taking on American families. So what’s President Obama’s solution to America’s pain? According to White House chief of staff Bill Daley, the administration may tap into the nation’s oil safety net – the Strategic Petroleum Reserve (SPR) – in order to bring down the cost of fuel.  (Liv’s Opinion:  SPR should be saved for Armageddon, how about reducing Fed and State gas taxes to reduce consumer pain?)   Read the Heritage Foundation’s opinion at Heritage.org

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Discussion

2 thoughts on “Tap the SPR?

  1. If we count every twitch as an excuse worthy of raiding the SPR, they will soon look like the social security lock box. Obviously, the correct course is to start drilling, the gulf and ANWR first, and then perhaps off our coast. As noted in the article, this would have multiple benefits. The only benefit of not drilling is that decades from now, when everyone else’s oil is gone, we will still have oil. Is that who we are as a nation, hoarders?

    Posted by Prince of Peeps | March 9, 2011, 10:09 pm
  2. Agree with using up theirs before ours. Oil is finite. We need to be a nation of hoarders and savers (for our great-grandchildren). Do we really need to make daily trips to the store or drive our kids to school when there is a perfectly good taxpayer funded bus? I repeat about lowering gas taxes and saving the SPR for Armageddon.

    Posted by Liv | March 10, 2011, 6:32 pm

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