2008-05-13

US Strategic Oil Reserve - Idiotic Senators and House members

Today I read that the US Senate has voted 97-1 in favor to stop filling the US Strategic Petroleum reserve in order to slow rising prices.  

The House is set to overwhelmingly vote for a similar house bill

How stupid can elected Americans be?

The US Petroleum reserve is taking in about 70,000 bbl of oil every day.  This is about 0.3% of US consumption and less than 0.1% of world consumption.

This symbolic act will have absolutely no effect on the price of oil and certainly no effect on the poor consumption habits of Americans.

“this is one little thing we can do, and I think we should go ahead and do it," said Sen. Pete Dominici of New Mexico.

It is LONG PASSED TIME for the US Congress to stop doing 'little things' and start doing real things to slow the exorbitant 21 M bbl of oil per day of US consumption, ( 1 out of 4 barrels consumed worldwide.)

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