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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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ntass1
Champion Author Edmonton

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

ok
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PrepHermit
Champion Author New Jersey

Posts:11,490
Points:2,524,435
Joined:Aug 2008
Message Posted: Feb 20, 2012 10:30:18 AM

It's a shame that this project has become about politics and not about prosperity.
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tauro514
Champion Author Connecticut

Posts:6,428
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Message Posted: Feb 20, 2012 10:28:20 AM

maybe.
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niceguytx
Champion Author Houston

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Message Posted: Feb 20, 2012 10:27:38 AM

This is the way the politicians hold us all hostage to politics.
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silverghost2000
Sophomore Author Victoria

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Message Posted: Feb 20, 2012 10:26:58 AM

.
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ddkk
All-Star Author Illinois

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Message Posted: Feb 20, 2012 10:25:05 AM


A 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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JunGleJimBo
All-Star Author Orange County

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Message Posted: Feb 20, 2012 10:25:04 AM

The pipeline is dangerous. We need alternatives, not oil.

JimBO
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Gascapade
Champion Author Fort Worth

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Message Posted: Feb 20, 2012 10:24:57 AM

More utterly insipid partisan 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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rjd1608
Champion Author Toledo

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Message Posted: Feb 20, 2012 10:22:56 AM

ok
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BudsterMO
Champion Author Kansas City

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Message Posted: Feb 20, 2012 10:18:58 AM

I wonder how much TransCanada has paid the Obstructionist Teapublicans to go after the Keystone XL sour oil sands pipeline?
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flydudemi
All-Star Author Detroit

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Message Posted: Feb 20, 2012 10:16:46 AM

douches
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Gascapade
Champion Author Fort Worth

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Message Posted: Feb 20, 2012 10:15:52 AM

What a complete and utterly imbecilic Capitol Hill clownfest we have posing as our United States governmment.....
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TuanCanCook
Champion Author Los Angeles

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Message Posted: Feb 20, 2012 10:15:32 AM

Agree with ILANGE9. Politicking is not a good way to govern
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rjhaugh
Champion Author Virginia Beach

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Message Posted: Feb 20, 2012 10:15:28 AM

Last time Obama released oil from the reserves, there was no impact on prices.
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jmg144
Champion Author Maryland

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Message Posted: Feb 20, 2012 10:15:00 AM

The pipeline should be approved.
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bonbon5
Champion Author Toledo

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Message Posted: Feb 20, 2012 10:13:59 AM

oh boy.
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walkit1
Champion Author Memphis

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Message Posted: Feb 20, 2012 10:13:08 AM

$5 gas = Obama gone.
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YodaON
Champion Author Ottawa

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Message Posted: Feb 20, 2012 10:12:36 AM

This Pipeline is sure causing a stir
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sramroop
Champion Author Birmingham

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Message Posted: Feb 20, 2012 10:12:29 AM

Interesting
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DutchTreatMI
Champion Author Grand Rapids

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Message Posted: Feb 20, 2012 10:11:26 AM

The last time that Obama released oil from the reserves it only hurt the prices.
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ILANGE9
Champion Author Illinois

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

Politics gets in the way of any good decision.

I agree with red5529.
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JCS
Champion Author Twin Cities

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Message Posted: Feb 20, 2012 10:09:27 AM

Fast track the build of Keystone!
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packards42
Champion Author Washington

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Message Posted: Feb 20, 2012 10:08:00 AM

Releasing oil to Eruope was joke anyway. we paid to develop this and Obama give it to his friends.
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Garston
Champion Author Maine

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Message Posted: Feb 20, 2012 10:07:16 AM

Hoow do you spell loser? RepublicanT.
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Aserdaten
Champion Author Florida

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Message Posted: Feb 20, 2012 10:07:12 AM

Is it really possible for this do-nothing Congress to actually approve and implement anything? I strongly doubt it, no matter how beneficial an approval might actually be. And if so, would the president sign it? Dream on, folks.
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IrishCowboy
Champion Author Fort Wayne

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Message Posted: Feb 20, 2012 10:06:38 AM

Political posturing.
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khareabhishek
All-Star Author Milwaukee

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Message Posted: Feb 20, 2012 10:06:02 AM

hmmm
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danlanman
Champion Author North Carolina

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Message Posted: Feb 20, 2012 10:05:59 AM

more politics
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gasman50
Champion Author Portland

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Message Posted: Feb 20, 2012 10:05:33 AM

Just build the darned pipeline
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bodu
All-Star Author Vancouver

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Message Posted: Feb 20, 2012 10:04:56 AM

"Let's not forget that in 2008 Obama campaigned on raising energy prices -- especially the price of fossil fuels. So this is not unexpected. "

Yep he did say this.
Everyone ignored it.
That is until they had to pay for it.

I really wonder how much a Senator gains for these greedy proceedings.
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DeeLA
Champion Author Los Angeles

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Message Posted: Feb 20, 2012 10:04:50 AM

Just do it.
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Wolfwings
Champion Author Delaware

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Message Posted: Feb 20, 2012 10:03:33 AM

I must be missing something here.

If we are EXPORTING more oil than ANY OTHER COUNTRY in the world, why do we need Canadien oil?
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DABEE1073
Champion Author San Diego

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Message Posted: Feb 20, 2012 10:03:25 AM

NO PROPOSALS, NO TALKING JUST DO IT.
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zonkthegreat
Champion Author San Diego

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Message Posted: Feb 20, 2012 10:03:10 AM

And why do we need to build a pipeline for China's oil needs?
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mecforyou
Champion Author Iowa

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Message Posted: Feb 20, 2012 10:02:42 AM

OMG This is go kindergarten. THERE IS NO OIL SHORTAGE PRICES ARE SET NOT BECAUSE OF SUPPLY AND DEMAND BUT BECAUSE WE WILL PAY THAT PRICE.
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jalan25
Champion Author Indianapolis

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Message Posted: Feb 20, 2012 10:02:39 AM

Releasing oil from the reserves is more symbolic than substantive. It would have little effect long term. Our energy policy is what must be resolved.
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Somis1
Champion Author Ventura

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Message Posted: Feb 20, 2012 10:02:13 AM

"Republicans are getting really good at making Keystone a political issue rather than a supply issue."

I believe it's Obama who wants to announce a Keystone decision after the election. Republicans just want it built.
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TAT36
Champion Author Florida

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Message Posted: Feb 20, 2012 10:01:56 AM

No politician ever takes any options off the table it it advances their re-election chances.
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lpatti1
Champion Author Philadelphia

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Message Posted: Feb 20, 2012 10:01:08 AM

Keep the oil here! STOP ALL EXPORTS!
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bigdog1294
Sophomore Author Atlanta

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Message Posted: Feb 20, 2012 9:59:43 AM

Is politics getting worse, or am I just paying more attention as I get older and smarter???
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jci25946
Champion Author Tampa

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Message Posted: Feb 20, 2012 9:59:36 AM

Nero fiddles while Rome burns!!
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GrumpyCat
Champion Author Alabama

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Message Posted: Feb 20, 2012 9:59:27 AM

Is a shame Obama is so stupid as to have to have his hands tied to prevent him from picking his sores.

If we don't need XL oil it stands to reason we don't need to tap our oil reserves.
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Rockwoodband
All-Star Author Flint

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Message Posted: Feb 20, 2012 9:58:00 AM

So, he just won't use the Strategic reserve. Obama will not do anything that creates jobs. Ever.
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Gas_Eyes
Champion Author Dallas

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Message Posted: Feb 20, 2012 9:57:51 AM

The next president has to be someone who can lead and bring parties together. I am sick of these party politics.
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rippertoo
Champion Author Tacoma

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Message Posted: Feb 20, 2012 9:57:27 AM

Once again, just follow the money and you will find the crooks.
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Hangnail309
Champion Author Manitoba

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Message Posted: Feb 20, 2012 9:57:02 AM

partisan politics never seems to end ...
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BlueTucson
Champion Author Syracuse

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Message Posted: Feb 20, 2012 9:54:10 AM

I'm split on this one. I believe strongly that we need to approve the Keystone XL pipeline. At the same time, I don't like these political manipulation games. Ultimately what we really need here is a president who will take the obvious right step and just approve the piepline without making it a political football.

I also see the electioneering that's takig place here. With gas prices forecast by many to reach $5 this summer, right before the election, I expect Obama to use every trick available to him, especially releasing oil from the strategic reserve, to manipulate public sentiment toward him before the election.
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mberg
Champion Author Houston

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Message Posted: Feb 20, 2012 9:52:52 AM

Republicans are getting really good at making Keystone a political issue rather than a supply issue.
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mikesr11
Champion Author New York City

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Message Posted: Feb 20, 2012 9:52:31 AM

I AGREE WITH gasrat6083. OBAMA SHOULD LOOK IN THE MIRROR AND IMPEACH HIMSELF FOR WHAT HE HAS DONE TO THE USA.
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lonewolfhead
Champion Author Texas

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Message Posted: Feb 20, 2012 9:52:00 AM

More BS
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netman044
Champion Author Texas

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Message Posted: Feb 20, 2012 9:51:54 AM

More partisan politics.
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