Why Tapping The Strategic Petroleum Reserve Now Would Be Completely Insane

[FarCenter]

With gas prices rallying, there's bound to be growing chatter about whether or not the US should tap the Strategic Petroleum Reserve.

The answer is: no.

The longer answer is: Really, no.

Here's a look at gasoline availability in the US: (see graph at link)

We have more days' worth of gasoline now in the US than at any time since the late 90s

Read more: http://www.businessinsider.com/why-tapping-the-strategic-petroleum-reserve-now-would-be-completely-insane-2012-2

[orpupilofnature57]

1. Unfortunately , the 1% uses ambiguos reasoning

And 300%-600% profit is hard to achieve in peacetime or semi-peacetime.

[DJ13]

2. Tap it? No

Threaten loudly to tap it to exert some needed pressure on the speculators, oh yea.

As long as the oil speculators control the message about potential supply disruptions we all pay.

[HopeHoops]

3. Doing that is like clearing out your IRA to buy beer.

We're not anywhere NEAR the point where we can't afford beer.

[YellowRubberDuckie]

4. The only thing Obama has to do is SAY he's going to do it.

He doesn't actually HAVE to. Clinton did this MANY times and never actually released any, keeping gas prices at around $1 a gallon.

[Sherman A1]

5. Precisely

He need only allude to the possibility of it being done.

[Dawson Leery]

6. In the peak of summer, he may consider a single release into the market should the price

rise to high. When he did it last year, Obama tamed the speculators.

[FarCenter]

9. If you are a rooster, don't crow until the sun is going to come up

Late June again should be a good time to announce just at the seasonal peak.

[FarCenter]

7. That will work roughly twice

[Fumesucker]

8. That's why prices are rising..

The gasoline glut on the market..