Thursday, March 15, 2012

Obama wants to tap strategic oil reserves

Don't act like we didn't see this one coming. I like what Ed Morrissey had to say about it...

HotAir: Remember that Barack Obama insists that there are “no silver bullets” to fix the issue of high gas prices. So when British Prime Minister David Cameron visited Washington for high-level talks and the discussion turned to gas prices, what did Obama propose? According to Reuters, holy water and a garland of garlic...

The RNC has a new video out today showing just how often Obama has reminded us that there are “no silver bullets” on gas prices — and how little he has done to implement a long-term policy that will lower them:


A few more of these references, and Bob Seger and Coors may have a case for trademark violation.

But as the news from Reuters and other media outlets point to an agreement struck between the U.S. and Britain to release our emergency oil stock, the White House patently denies the report. Regardless of the back and forth between conflicting reports, any discussion of releasing our emergency reserves only makes our energy problems worse, not better:

Instead of needlessly tapping into our emergency oil supplies and encouraging other countries to produce more energy, this administration needs to take a hard look in the mirror.

The president has handcuffed American energy developers and made our dependence on foreign energy worse.

First, our Strategic Reserve was created as a safeguard against national security emergencies and severe supply disruptions. President Obama just treated the SPR like it’s his Strategic Political Reserve. While all Americans want gas prices to be lower, tapping the SPR isn’t the answer. The only severe supply disruption today is this administration’s self-imposed shutdown of American energy.