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Senators Propose Tying Strategic Oil Reserve, Keystone XL

Business Week -- Senate Republicans introduced legislation that would bar the Obama administration from using the U.S. Strategic Petroleum Reserve unless TransCanada Corp.’s Keystone XL pipeline is approved.

The bill, preventing President Obama from releasing oil from the reserve if oil supplies are disrupted, is aimed at advancing Calgary-based TransCanada’s plan to build the project to carry oil to U.S. Gulf Coast refineries.

Asked whether the U.S. might release oil from the reserve to limit a recent jump in oil prices, White House press secretary Jay Carney said the administration never takes “options off the table,” although he had no announcement.

Senate bill S. 2100, is sponsored by Senator David Vitter of Louisiana and Senators Richard Lugar of Indiana and John Hoeven of North Dakota.

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Submitted Feb 20, 2012 By: Martinman

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data_dave All-Star Author Oakland Posts:517 Points:554,235 Joined:Apr 2011	Message Posted: Feb 20, 2012 11:17:07 AM Ignore data_dave Report Abuse Senators are idiots
grammamNV Champion Author Nevada Posts:2,335 Points:372,425 Joined:Mar 2011	Message Posted: Feb 20, 2012 11:15:54 AM Ignore grammamNV Report Abuse DRILL HERE!! DRILL NOW!!
iamforiu Champion Author Indiana Posts:3,710 Points:738,465 Joined:May 2011	Message Posted: Feb 20, 2012 11:15:15 AM Ignore iamforiu Report Abuse Just build it
GManCo Champion Author Colorado Springs Posts:5,126 Points:977,340 Joined:Sep 2010	Message Posted: Feb 20, 2012 11:15:04 AM Ignore GManCo Report Abuse This is good. Tapping the Strategic Oil Reserve is not good. We should be drilling where we know we have oil and keeping it in the U.S. for use by citizens.
bluebird1 Champion Author Toronto Posts:15,868 Points:3,133,875 Joined:May 2004	Message Posted: Feb 20, 2012 11:14:53 AM Ignore bluebird1 Report Abuse This makes more sense than the things they were tying Keystone to before...but still!!!
NanookAK Champion Author Anchorage Posts:7,413 Points:1,467,740 Joined:Nov 2007	Message Posted: Feb 20, 2012 11:14:46 AM Ignore NanookAK Report Abuse Keystone should be approved.
preacherboyFL Veteran Author Orlando Posts:444 Points:125,860 Joined:Feb 2012	Message Posted: Feb 20, 2012 11:13:34 AM Ignore preacherboyFL Report Abuse will anyone let anything good ever happen?!
PhilnTX All-Star Author Dallas Posts:665 Points:457,185 Joined:Sep 2011	Message Posted: Feb 20, 2012 11:10:32 AM Ignore PhilnTX Report Abuse Rather than bring down gas prices in the U.S., domestic oil companies are selling their gasoline overseas for big profits. It appears that profit trumps patriotism again. According to the U.S. Energy Information Administration (EIA), the U.S. exported 430,000 more barrels of gasoline a day than it imported in September, That is about twice the amount at the start of the year, and experts and industry insiders say the trend is here to stay.
iceman11 Champion Author Ontario Posts:2,715 Points:536,425 Joined:Feb 2011	Message Posted: Feb 20, 2012 11:10:08 AM Ignore iceman11 Report Abuse ok
regasaz Champion Author Phoenix Posts:5,779 Points:1,300,035 Joined:Dec 2006	Message Posted: Feb 20, 2012 11:09:34 AM Ignore regasaz Report Abuse Quit screwing around and build the pipeline. We need the jobs. need the oil, need the tax revenue this will generate. What we don't need is more political posturing at the expense of the American public.
Rajah Champion Author Illinois Posts:7,642 Points:2,328,480 Joined:Jul 2005	Message Posted: Feb 20, 2012 11:09:19 AM Ignore Rajah Report Abuse Playing politics, as always. I'm getting sick of it.
ciimike Champion Author Nevada Posts:4,638 Points:1,069,560 Joined:Aug 2005	Message Posted: Feb 20, 2012 11:08:21 AM Ignore ciimike Report Abuse One has nothing to do with the other. Oil is available, but world market governs the price. Since speculators are predicting a shortage, they are investing in oil with the thought that prices will increase. This in turn is causing the increase. The US should continue expanding its purchase of crude from the Americas and reduce its dependence on the Middle East, which is too volatile at the moment. Increase trade with our neighbors.
lightbulbman2008 Champion Author Worcester Posts:420,500 Points:1,614,360 Joined:Oct 2008	Message Posted: Feb 20, 2012 11:08:16 AM Ignore lightbulbman2008 Report Abuse politics....
bubbagasPA Rookie Author Lancaster Posts:40 Points:24,900 Joined:Feb 2012	Message Posted: Feb 20, 2012 11:08:06 AM Ignore bubbagasPA Report Abuse that is a bunch of bull
Group23 Champion Author Greensboro Posts:1,243 Points:438,540 Joined:May 2006	Message Posted: Feb 20, 2012 11:06:25 AM Ignore Group23 Report Abuse Wishy washy admin. They don't know what to do.
mikerroy Champion Author Albuquerque Posts:2,691 Points:747,175 Joined:May 2005	Message Posted: Feb 20, 2012 11:05:53 AM Ignore mikerroy Report Abuse ok
min_fuel Champion Author Philadelphia Posts:1,956 Points:725,545 Joined:Jan 2008	Message Posted: Feb 20, 2012 11:05:27 AM Ignore min_fuel Report Abuse A lot of people on here have no clue how the Keystone would benefit the USA. Wake up.
tutaw Champion Author Kentucky Posts:3,754 Points:869,245 Joined:Sep 2008	Message Posted: Feb 20, 2012 11:04:54 AM Ignore tutaw Report Abuse this is really a big mess
gamalerin Champion Author Tampa Posts:4,877 Points:1,019,035 Joined:Jul 2010	Message Posted: Feb 20, 2012 11:04:36 AM Ignore gamalerin Report Abuse Hope to see words become acts.
asog75 All-Star Author Indiana Posts:838 Points:283,245 Joined:Aug 2011	Message Posted: Feb 20, 2012 11:03:17 AM Ignore asog75 Report Abuse another bill that will benifit no one who makes under 500K a year!!!
Rick01 Champion Author Utah Posts:9,153 Points:2,388,700 Joined:Sep 2005	Message Posted: Feb 20, 2012 11:02:06 AM Ignore Rick01 Report Abuse Dumb idea by idiots.
snarkysmarko Champion Author Baltimore Posts:3,089 Points:710,720 Joined:Nov 2010	Message Posted: Feb 20, 2012 11:01:49 AM Ignore snarkysmarko Report Abuse politics as usual
MightyDude Champion Author Minnesota Posts:10,491 Points:2,675,470 Joined:Mar 2003	Message Posted: Feb 20, 2012 10:57:02 AM Ignore MightyDude Report Abuse now, now chidren play nice
bell05 Champion Author Atlanta Posts:9,401 Points:1,902,585 Joined:Jun 2005	Message Posted: Feb 20, 2012 10:56:38 AM Ignore bell05 Report Abuse Talk about it napermike79.
jimgraham Champion Author Akron Posts:10,509 Points:2,007,380 Joined:Oct 2007	Message Posted: Feb 20, 2012 10:56:18 AM Ignore jimgraham Report Abuse Those crooks will do ANYTHING to get elected. Including destroying the American citizens they are supposed to "represent".
mikesr100 Champion Author Sacramento Posts:4,030 Points:1,107,440 Joined:Apr 2008	Message Posted: Feb 20, 2012 10:55:02 AM Ignore mikesr100 Report Abuse Pipeline would create 100,000 plus jobs and trickle down to every part of the US Economy!
Don20 Champion Author Oklahoma City Posts:9,809 Points:2,646,355 Joined:Mar 2005	Message Posted: Feb 20, 2012 10:54:32 AM Ignore Don20 Report Abuse Senate Republicans introduced legislation that would bar the Obama administration from using the U.S. Strategic Petroleum Reserve unless TransCanada Corp.’s Keystone XL pipeline is approved. Another subject that has been beat to death, build the dam thing or forget it..
Gascapade Champion Author Fort Worth Posts:3,152 Points:501,660 Joined:Mar 2009	Message Posted: Feb 20, 2012 10:53:24 AM Ignore Gascapade Report Abuse Another utterly insipid partisan bill guaranteeing gridlock and grandstanding instead of compromising for the good of the American People. Congress should take a good look in the mirror, realize what a complete and utter disgrace they are to our nation and to the memory of our founding fathers, and resign en masse.....
Voltus Champion Author Miami Posts:8,582 Points:1,581,150 Joined:May 2005	Message Posted: Feb 20, 2012 10:52:29 AM Ignore Voltus Report Abuse So why is does the TEA/GOP glibly waste its time on this stuff ?? Does it not have way more important issues of importance that could actually create jobs and improve USA security ?
Hugo40 Champion Author Kentucky Posts:7,759 Points:1,643,730 Joined:Aug 2008	Message Posted: Feb 20, 2012 10:52:17 AM Ignore Hugo40 Report Abuse How about paying off our national debt?
jeff95519 Champion Author California Posts:2,587 Points:1,380,965 Joined:Sep 2008	Message Posted: Feb 20, 2012 10:52:13 AM Ignore jeff95519 Report Abuse just build it
napermike79 Champion Author Twin Cities Posts:3,584 Points:1,750,735 Joined:May 2001	Message Posted: Feb 20, 2012 10:50:53 AM Ignore napermike79 Report Abuse How about proposing to stop spending money we don't have??
Mikeoids Champion Author Columbus Posts:16,897 Points:3,420,555 Joined:Jun 2003	Message Posted: Feb 20, 2012 10:50:06 AM Ignore Mikeoids Report Abuse The Canadian oil will be sold at global market prices. We will still pay the same prices for gas. Supply of oil will always be too low in order to keep the prices high. The same is with gas where refineries are shut down for long periods of time or closed. Finally we have the government with their personal interests. Some people are corrupt and pretend to represent the people. There are some greedy senators with their own agenda.
car54BC Champion Author British Columbia Posts:3,327 Points:1,279,905 Joined:May 2008	Message Posted: Feb 20, 2012 10:48:40 AM Ignore car54BC Report Abuse Getting tired of this subject.
smoketown Champion Author Cincinnati Posts:6,368 Points:1,408,600 Joined:Feb 2008	Message Posted: Feb 20, 2012 10:47:53 AM Ignore smoketown Report Abuse Leave the reserve alone...............
ifallsguy Champion Author Arizona Posts:5,200 Points:1,572,245 Joined:Apr 2007	Message Posted: Feb 20, 2012 10:47:06 AM Ignore ifallsguy Report Abuse how about we tie up the CONgress and shoot them into a drill hole. Then their hot air will do something useful.....their hot air might frack.
adr47 Champion Author Saskatchewan Posts:5,667 Points:1,178,750 Joined:Nov 2008	Message Posted: Feb 20, 2012 10:46:49 AM Ignore adr47 Report Abuse Political BS that won't go anywhere
40mpgsaturn Champion Author Wisconsin Posts:2,595 Points:544,005 Joined:Jun 2011	Message Posted: Feb 20, 2012 10:44:51 AM Ignore 40mpgsaturn Report Abuse More politics!!
studebaker1940 Champion Author Tampa Posts:2,648 Points:712,305 Joined:Mar 2011	Message Posted: Feb 20, 2012 10:43:43 AM Ignore studebaker1940 Report Abuse Can't we all just get along and do what's best for the American citizen for a change
DrDash Champion Author Tucson Posts:2,467 Points:583,365 Joined:Sep 2003	Message Posted: Feb 20, 2012 10:43:28 AM Ignore DrDash Report Abuse Then later blame him for not releasing out from the reserve to help prices :)
LanguageMan1 Champion Author Tampa Posts:11,861 Points:1,688,515 Joined:Apr 2008	Message Posted: Feb 20, 2012 10:43:28 AM Ignore LanguageMan1 Report Abuse I hope it's passed as I hate to see them using the reserve as Bush and Obama have done. Plus, we all need the jobs and at least some will get some work for another couple of years. Better to be working and employed than to be poorer than me, living on the streets, losing your house, etc.
manbig13 Champion Author Cleveland Posts:1,431 Points:557,475 Joined:May 2011	Message Posted: Feb 20, 2012 10:38:00 AM Ignore manbig13 Report Abuse don't do it! they will just make money off us and not sell it to the US
dad2two Champion Author Dallas Posts:3,649 Points:773,370 Joined:May 2010	Message Posted: Feb 20, 2012 10:37:47 AM Ignore dad2two Report Abuse Desperate measures.
dongo50 Champion Author West Virginia Posts:14,872 Points:2,406,770 Joined:Jul 2006	Message Posted: Feb 20, 2012 10:36:38 AM Ignore dongo50 Report Abuse mo money.
truckpdlr Champion Author Tucson Posts:3,081 Points:1,122,740 Joined:Sep 2009	Message Posted: Feb 20, 2012 10:32:53 AM Ignore truckpdlr Report Abuse Sure glad elections are soon
Black Wagon Champion Author Illinois Posts:7,447 Points:1,828,745 Joined:Mar 2004	Message Posted: Feb 20, 2012 10:32:31 AM Ignore Black Wagon Report Abuse They need to just bar Obama.
humancry Champion Author Michigan Posts:4,620 Points:1,003,470 Joined:Nov 2006	Message Posted: Feb 20, 2012 10:32:09 AM Ignore humancry Report Abuse I AGREE WITH THIS BUDDY'S STATEMENT: Profile Pic ddkk Veteran Author Illinois Posts:365 Points:933,540 Joined:Mar 2005 Message Posted: Feb 20, 2012 10:25:05 AM Ignore ddkk Report AbuseA CBS 60 Minutes, or maybe NBC report showed the source to be low grade really crappy dirt that happens to contain some hydrocarbons -> 'tar sands' really ?? Ha ! What a joke. So why is does the TEA/GOP glibly waste its time on this stuff ?? Does it not have way more important issues of importance that could actually create jobs and improve USA security ?
jpd683 Champion Author Scranton Posts:3,909 Points:1,544,555 Joined:Jul 2005	Message Posted: Feb 20, 2012 10:32:06 AM Ignore jpd683 Report Abuse The crooked politicians at work. You hose me I will get you back, then take my marbles and go home.
ChristianTechMD Sophomore Author Maryland Posts:137 Points:54,995 Joined:Jul 2011	Message Posted: Feb 20, 2012 10:31:57 AM Ignore ChristianTechMD Report Abuse We need the Keystone pipeline, but this sounds like desperate political strategy to me.
AcuraTSX Champion Author Ohio Posts:5,626 Points:2,207,880 Joined:Dec 2005	Message Posted: Feb 20, 2012 10:31:50 AM Ignore AcuraTSX Report Abuse Interesting idea. Sounds good.
GDC16ttu Rookie Author Dallas Posts:34 Points:8,685 Joined:Feb 2012	Message Posted: Feb 20, 2012 10:31:44 AM Ignore GDC16ttu Report Abuse The only good Keystone is the beer, and even that's not that good!
ntass1 Champion Author Edmonton Posts:3,930 Points:754,750 Joined:May 2011	Message Posted: Feb 20, 2012 10:30:18 AM Ignore ntass1 Report Abuse ok