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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
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Senators Propose Tying Strategic Oil Reserve, Keystone XL Back to Topics
REPLIES (newest first) Post a Reply
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data_dave
All-Star Author Oakland

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Message Posted: Feb 20, 2012 11:17:07 AM

Senators are idiots
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grammamNV
Champion Author Nevada

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Message Posted: Feb 20, 2012 11:15:54 AM

DRILL HERE!! DRILL NOW!!
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iamforiu
Champion Author Indiana

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Message Posted: Feb 20, 2012 11:15:15 AM

Just build it
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GManCo
Champion Author Colorado Springs

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Message Posted: Feb 20, 2012 11:15:04 AM

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.
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bluebird1
Champion Author Toronto

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Message Posted: Feb 20, 2012 11:14:53 AM

This makes more sense than the things they were tying Keystone to before...but still!!!
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NanookAK
Champion Author Anchorage

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Message Posted: Feb 20, 2012 11:14:46 AM

Keystone should be approved.
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preacherboyFL
Veteran Author Orlando

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Message Posted: Feb 20, 2012 11:13:34 AM

will anyone let anything good ever happen?!
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PhilnTX
All-Star Author Dallas

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Joined:Sep 2011
Message Posted: Feb 20, 2012 11:10:32 AM

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.
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iceman11
Champion Author Ontario

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Message Posted: Feb 20, 2012 11:10:08 AM

ok
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regasaz
Champion Author Phoenix

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Message Posted: Feb 20, 2012 11:09:34 AM

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.
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Rajah
Champion Author Illinois

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Message Posted: Feb 20, 2012 11:09:19 AM

Playing politics, as always. I'm getting sick of it.
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ciimike
Champion Author Nevada

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Message Posted: Feb 20, 2012 11:08:21 AM

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.
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lightbulbman2008
Champion Author Worcester

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Message Posted: Feb 20, 2012 11:08:16 AM

politics....
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bubbagasPA
Rookie Author Lancaster

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Message Posted: Feb 20, 2012 11:08:06 AM

that is a bunch of bull
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Group23
Champion Author Greensboro

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Message Posted: Feb 20, 2012 11:06:25 AM

Wishy washy admin. They don't know what to do.
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mikerroy
Champion Author Albuquerque

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Message Posted: Feb 20, 2012 11:05:53 AM

ok
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min_fuel
Champion Author Philadelphia

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Message Posted: Feb 20, 2012 11:05:27 AM

A lot of people on here have no clue how the Keystone would benefit the USA. Wake up.
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tutaw
Champion Author Kentucky

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Message Posted: Feb 20, 2012 11:04:54 AM

this is really a big mess
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gamalerin
Champion Author Tampa

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Message Posted: Feb 20, 2012 11:04:36 AM

Hope to see words become acts.
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asog75
All-Star Author Indiana

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Message Posted: Feb 20, 2012 11:03:17 AM

another bill that will benifit no one who makes under 500K a year!!!
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Rick01
Champion Author Utah

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Message Posted: Feb 20, 2012 11:02:06 AM

Dumb idea by idiots.
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snarkysmarko
Champion Author Baltimore

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Message Posted: Feb 20, 2012 11:01:49 AM

politics as usual
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MightyDude
Champion Author Minnesota

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Message Posted: Feb 20, 2012 10:57:02 AM

now, now chidren play nice
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bell05
Champion Author Atlanta

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Message Posted: Feb 20, 2012 10:56:38 AM

Talk about it napermike79.
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jimgraham
Champion Author Akron

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Message Posted: Feb 20, 2012 10:56:18 AM

Those crooks will do ANYTHING to get elected. Including destroying the American citizens they are supposed to "represent".
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mikesr100
Champion Author Sacramento

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Message Posted: Feb 20, 2012 10:55:02 AM

Pipeline would create 100,000 plus jobs and trickle down to every part of the US Economy!
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Don20
Champion Author Oklahoma City

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Message Posted: Feb 20, 2012 10:54:32 AM

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..
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Gascapade
Champion Author Fort Worth

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Message Posted: Feb 20, 2012 10:53:24 AM

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.....
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Voltus
Champion Author Miami

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Message Posted: Feb 20, 2012 10:52:29 AM

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 ?
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Hugo40
Champion Author Kentucky

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Message Posted: Feb 20, 2012 10:52:17 AM

How about paying off our national debt?
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jeff95519
Champion Author California

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Message Posted: Feb 20, 2012 10:52:13 AM

just build it
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napermike79
Champion Author Twin Cities

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Message Posted: Feb 20, 2012 10:50:53 AM

How about proposing to stop spending money we don't have??
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Mikeoids
Champion Author Columbus

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Message Posted: Feb 20, 2012 10:50:06 AM

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.
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car54BC
Champion Author British Columbia

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Message Posted: Feb 20, 2012 10:48:40 AM

Getting tired of this subject.
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smoketown
Champion Author Cincinnati

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Message Posted: Feb 20, 2012 10:47:53 AM

Leave the reserve alone...............
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ifallsguy
Champion Author Arizona

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Message Posted: Feb 20, 2012 10:47:06 AM

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.
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adr47
Champion Author Saskatchewan

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Message Posted: Feb 20, 2012 10:46:49 AM

Political BS that won't go anywhere
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40mpgsaturn
Champion Author Wisconsin

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Message Posted: Feb 20, 2012 10:44:51 AM

More politics!!
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studebaker1940
Champion Author Tampa

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Message Posted: Feb 20, 2012 10:43:43 AM

Can't we all just get along and do what's best for the American citizen for a change
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DrDash
Champion Author Tucson

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Message Posted: Feb 20, 2012 10:43:28 AM

Then later blame him for not releasing out from the reserve to help prices :)
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LanguageMan1
Champion Author Tampa

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Message Posted: Feb 20, 2012 10:43:28 AM

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.
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manbig13
Champion Author Cleveland

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Message Posted: Feb 20, 2012 10:38:00 AM

don't do it! they will just make money off us and not sell it to the US
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dad2two
Champion Author Dallas

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Message Posted: Feb 20, 2012 10:37:47 AM

Desperate measures.
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dongo50
Champion Author West Virginia

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Message Posted: Feb 20, 2012 10:36:38 AM

mo money.
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truckpdlr
Champion Author Tucson

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Message Posted: Feb 20, 2012 10:32:53 AM

Sure glad elections are soon
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Black Wagon
Champion Author Illinois

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Message Posted: Feb 20, 2012 10:32:31 AM

They need to just bar Obama.
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humancry
Champion Author Michigan

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Message Posted: Feb 20, 2012 10:32:09 AM

I AGREE WITH THIS BUDDY'S STATEMENT:

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ddkk
Veteran Author Illinois

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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 ?
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jpd683
Champion Author Scranton

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Message Posted: Feb 20, 2012 10:32:06 AM

The crooked politicians at work. You hose me I will get you back, then take my marbles and go home.
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ChristianTechMD
Sophomore Author Maryland

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Message Posted: Feb 20, 2012 10:31:57 AM

We need the Keystone pipeline, but this sounds like desperate political strategy to me.
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AcuraTSX
Champion Author Ohio

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Message Posted: Feb 20, 2012 10:31:50 AM

Interesting idea.
Sounds good.
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GDC16ttu
Rookie Author Dallas

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Message Posted: Feb 20, 2012 10:31:44 AM

The only good Keystone is the beer, and even that's not that good!
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ntass1
Champion Author Edmonton

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Message Posted: Feb 20, 2012 10:30:18 AM

ok
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