Kerry Announces Plan to Control Gas Costs, page 1
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Topic started on 30-3-2004 @ 02:57 PM by DontTreadOnMe
This is even more bizarre than the 10 million new jobs Kerry will invent if elected!

"Kerry Announces Plan to Stop Pumping Oil Into Nation's Emergency Stockpile Until Prices Fell
The Associated Press

SAN FRANCISCO March 30 — Democratic candidate John Kerry said Tuesday that as president he would stop pumping oil into the nation's emergency stockpile until prices fell and would pursue new energy policies so "our young men and women will never have to fight and die for foreign oil."

"For three years, George Bush and Dick Cheney have bent over backwards to help their big contributors in the oil industry," Kerry said in a campaign statement as he prepared for a campus rally in San Diego, where prices of $2.12 per gallon of regular unleaded gasoline are the highest in the nation. "I'm going to stand up for students and middle-class families and all those who need relief at the pump."

Kerry said he would pressure the Organization of Petroleum Exporting Countries to provide more oil, simplify rules on gas to reduce costs, and develop more energy-efficient vehicles.
"Instead of secret energy meetings and drilling in the Alaskan wilderness, we're going to have a real energy plan for America," Kerry said. "Under my plan, America will be energy independent from Mideast oil in 10 years, the fuels of the future will be less expensive, cleaner, and our young men and women will never have to fight and die for foreign oil."

Kerry called on President Bush to halt filling the Strategic Petroleum Reserves, which some Democrats contend drives up the cost of fuel for U.S. consumers in an already tight market with record prices."

abcnews.go.com...



[Edited on 30-3-2004 by DontTreadOnMe]


reply posted on 30-3-2004 @ 03:11 PM by DontTreadOnMe
Yes, I remember we tapped into the at least once recently.

Eleven bidders to tap emergency oil reserves

October 4, 2000
Web posted at: 6:17 PM EDT (2217 GMT)

WASHINGTON (AP) -- The Energy Department announced agreements Wednesday with 11 companies and brokers to take 30 million barrels of oil from the government's emergency reserve with deliveries to be completed by the end of November.

The 11 bidders agreed to return a like amount of crude, plus a 1.56 million barrel premium, late next year. No money was exchanged.

"These companies offered the best value in terms of restocking the strategic reserve a year from now," said

Last month, President Clinton ordered the release of the oil from the federal Strategic Petroleum Reserve on the Louisiana and Texas Gulf Coast. Clinton said he decided on the release because of concern over tight supplies this winter and to boost the stocks of home heating oil.

robots.cnn.com...

Strategic Petroleum Reserve Inventory for March 30, 2004

Current Inventory
(sour)392.6 million bbls
(sweet)258.6 million bbls
fossil.energy.gov...


The Strategic Petroleum Reserve (SPR) is the world's largest supply of emergency crude oil. The federally-owned oil stocks are stored in huge underground salt caverns along the coastline of the Gulf of Mexico.

Decisions to withdraw crude oil from the SPR are made by the President under the authorities of the Energy Policy and Conservation Act. In the event of an energy emergency, SPR oil would be distributed by competitive sale. Although the SPR has been used for emergency purposes only once (during Operation Desert Storm in 1991), its formidable size (more than 600 million barrels) makes it a significant deterrent to oil import cutoffs and a key tool of foreign policy.

fossil.energy.gov...

[Edited on 30-3-2004 by DontTreadOnMe]



reply posted on 31-3-2004 @ 06:37 AM by DontTreadOnMe
Okay, this subject has got me interested. I'm wondering how much oil is used daily by us and the rest of the world, how much goes into the Reserve daily (if possible)?
If what we can figure goes into the Reserve on a regular basis is a small percentage of the world's daily consumption, we could assume that either Kerry doesn't know what he's talking about, or he's blowing smoke to get votes. If it is but a small amount of the daily usage, it would not affect the price of oil, right???

Stocks of Crude Oil and other Petroleum Products, US: (PDF)
www.eia.doe.gov...

Official Energy Statistics from the U.S. Government
www.eia.doe.gov...

This link had many graphs showing global oil cinsumption. I am assuming this is the latest data available.World Oil demand by Regio, 1980-1999


The developed economies use oil much more intensively than the developing economies, and Canada and the United States stand almost alone in their consumption of oil per capita (see graph). For instance, oil consumption in the United States and Canada equals almost 3 gallons per day per capita. (The difference is these countries' transportation sectors, with their dependence on private vehicles to travel relatively long distances.) Oil consumption in the rest of the OECD equals 1.4 gallons per day per capita. Outside of the OECD, oil consumption equals 0.2 gallons per day per capita.

Regionally, the largest consuming area remains North America (dominated by the United States), followed by Asia (with Japan the largest consumer), Europe (where consumption is more evenly spread among the nations), and then the other regions. As the regional graphs illustrate, Asia was the region with the fastest demand growth until the 1998 economic crisis in East Asia. The region's economic upheaval is a central reason for the oil price collapse of 1998.

The United States and Canada use oil more for transportation than for heat and power, but the opposite pattern holds for most of the rest of the world: most regions use more oil for heat and power than for transportation. As a result, global demand for oil is highest in the Northern Hemisphere's cold months. There is a swing of 3-4 million barrels per day (some 5 percent) between the 4th quarter of the year, when demand is highest, to the 3rd quarter, when it is lowest. (The precise amount varies from year-to-year, depending on weather, economic activity and other factors.) While the 4th quarter is not the coldest in any region, estimated demand calculations are swollen by the traditional stock building that occurs during the period.

Demand for crude oil is derived from the demand for the finished and intermediate products that can be made from it. In the short-term, however, demand for crude oil may be mismatched with the underlying demand for petroleum products. This misalignment occurs routinely as a result of stock changes: the need to build stocks to meet seasonal demand, for instance, or the desire to reduce stocks of crude oil for economic reasons. In the longer term, blending non-petroleum additives into petroleum products (such as ethanol or other oxygenating agents into gasoline) can also reduce crude oil demand relative to demand for finished products.

global oil consumption

Here's another chart:
U.S. Oil Demand by End-Use Sector, 1950-2000

I'll see what else I find later. Any help here would be appreciated



reply posted on 31-3-2004 @ 12:58 PM by Bout Time
....and they'll hang themselves trying to be cowboys!

Why are they so ultimately unaware of the sole facet of life that rules all....timelines? The inability to grasp nuance is a hallmark trait of their president & their movement, so we shouldn't be suprised.

In the latest half truth/whole lies episode on this topic:
In February 2000, Kerry Said Release Of Oil From The Strategic Petroleum Reserves Would Not Be “Relevant.” “Without being specific, Kerry, a key member of the Senate Foreign Relations Committee, suggested the US could retaliate economically in other trade areas. He also said he does not want a release of oil from the Strategic Petroleum Reserve. A release ‘is not relevant. It would take months for the oil to get to the market,’ he said.” (Cathy Landry, “US Energy Chief Warns Of Gasoline Crisis,” Platt’s Oilgram News, 2/17/00)

Using timeline...BAM! Logic ensues

1) Completely different subject dealing with a tit-for-tat scenario of response to an action, AND about releasing oil for consumption from the reserves.

2) Kerry's position on this subject is crystal clear for all those without the ideology filter:
- Bring to bear the laws of supply & demand

* We buy & store 'X' number of barrels of oil for the
reserve, giving OPEC locked in profit regardless of
whether they increase or decrease supply

* Divert all oil to the market, giving the market
increased supply, thus driving down price and removing from play OPEC's ability to hamper US via production stoppages.


It really is worthwile to be rational about things once in awhile and not have 'propaganda first/logic last' all the time.


reply posted on 31-3-2004 @ 06:09 PM by postings
Careful there, Bush went bankrupt (if memory serves) trying to run his own oil business. If not bankrupt, he had some serious financial difficulties with it. Does he have more experience? Maybe . . . Is his experience? Questionable. Personally I think that the fact that Kerry doesn't have any connections (that I know of) to oil indicates that he would be a better president. Maybe he woudn't be as much a slave to those interests. I wonder what other interests he would be a slave of?

-P

Originally posted by KillerT
I think that one of the best things we can do is continue to research and develop better and cleaner burning Energy sources. as well as use our own Oil sources like Alaska. And maybe not worry so much about the calving caribou, polar bears, musk oxen,
But I would not believe any thing that Kerry says he has flipped flopped all over the place on all kinds of issues. This guy will tell any one any thing to get them to vote for him! With Kerry you have to read between the lines a lot. Next week he will say the opposite of what he saying now.
President Bush knows drilling in Alaska will lessen our dependance on oil imports. This will reduce the cost of light sweet crude oil a little. ( although not much ) this will help Americans in the long run and our president knows this very well. And I have complete faith in his decisions. If we are smart we will drill get the oil protect the enviroment and make some money for further energy research at the same time.
Kerry is a pacifier he really has no clue about the energy game. President Bush has been in the oil trade all his life and knows a lot more than Kerry ever will. Kerry shoud stick to something he understands like spreading his katchup on his hamburger!!! LOL!! We could repay those reserves quick with the oil from Alaska. ANd never take a hit on it it at all. Man i hope this makes sence.

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