President BO is in Violation of the SPR Mission statement

The Mission of the SPR is to diminish vulnerabilty of the US to harmful effect of severe supply disrupition of crude oil and NOT to be used to influence the market prices. When BO agreed to release 30 million Barrels over next 30 days it is not need since storage in Cushing Okl is at max capacity of 44 million barrels. This is political re-election reasons only plus he is talking to IEA to release more in near future. THIS IS STUPID.

Views: 10

▶ Reply to This

Replies to This Discussion

Permalink Reply by JHH on June 26, 2011 at 15:03
The president can do anything he wants.  The congress can do whatever it wants.  Bureaucrats can do whatever they want.  We the people abdicated responsibility a long time ago because we're far to busy to worry about it.  Yes the release is/was stupid.  But what's anyone going to do about it?  Where did the 700-billion in stimulus go?  Has anyone asked for an accounting of the funds?  Sorry to sound so pessimistic because generally i'm an optimist.

RSS

Support GoHaynesvilleShale.com

Top Content 

1 Haynesville Drilled Along Section Line

Haynesville Drilled Along Section Line
2 William Clark survey Producing well

William Clark survey Producing well
3 Any Talk of Lithium Being Found in Closed Gas Wells in DeSoto Parish?

Any Talk of Lithium Being Found in Closed Gas Wells in DeSoto Parish?
4 William Clark Producing Well

William Clark Producing Well
5 Seller Beware!!! How Mineral Companies Work Together.

Seller Beware!!! How Mineral Companies Work Together.
6 Flywheel Energy - Fayetteville Shale

Flywheel Energy - Fayetteville Shale
7 Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??

Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??

Blog Posts

Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??

In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of)  nor local residents appear to have received any compensation for the minerals extracted from their land.

This area has suffered immense environmental degradation…

Continue

Posted by Char on May 29, 2025 at 14:42 — 4 Comments

Not a member? Get our email.

Groups



© 2025   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service