Obama's Oil Release Leaves US Vulnerable in Emergency!

Posted on NewsMax.com-By Jim Meyers and Kathleen Walter-On June 24, 2011:

“Rep. Fred Upton tells Newsmax that the Obama administration made the wrong move in releasing 30 million barrels of oil from the Strategic Petroleum Reserve, leaving the nation vulnerable to future crises when that oil could be needed desperately.

The Michigan Republican, chairman of the House Energy and Commerce Committee, also says that, instead of imperiling the safety net of reserved oil, the United States should focus on the expansion of energy projects to increase oil production in North America.

In an exclusive interview with Newsmax.TV, Upton, who was first elected in 1986, discussed the decision to release oil from the Strategic Petroleum Reserve.

"Let's face it - it is a bad idea," he declares.

Story continues below video:

{…}

“I can remember the gas lines back in the 1970s,” Upton says. “This [Reserve] was an effort by every administration — Republican and Democrat — to put oil away for when in fact there could be a blockade, there could be some major disruption of oil, so the U.S. could continue to function with the safety net of oil in the tank.

"Using it to offset prices takes that emergency blanket away from us."

A million barrels a day is what they’re going to do to tap this resource. At the same time, we’ve got a number of pieces of legislation or even administrative actions that this administration can take that, in fact, would allow at least that much oil, if not more, to come from drilling off the coast of Alaska, to build a pipeline down from Canada, which means hundreds of thousands of jobs, or increase our production in the Gulf.

“The price of oil has actually gone down over the last couple of weeks. This is not the right signal to send now. It takes away that reserve that we might at some point need down the road.”

The Obama administration has argued that the release of oil is needed to offset the disruption in the oil supply caused by the unrest in Libya.

Upton comments: “The unrest in Libya started last March. It’s almost July. If this was a tool they wanted to use to offset the big spike in gas prices we saw in April and May, it might have been a different story.

“This takes away from the potential down the road of having a reserve to offset a complete disruption from the Middle East.”

Asked whether this makes the country more vulnerable to an oil disruption, Upton responds: “Exactly right. The Strategic Petroleum Reserve was not set up to serve as a price indicator. It was set up for if we actually have a disruption like we had in the 1970s.”

He agrees that this could create a national security problem if the administration decides to extend the release beyond the 30 million barrels.

“The focus ought to be on the expansion of domestic resources,” he tells Newsmax.

“A third of our oil comes from the Gulf and already, because we’ve said no to more permits and plans over the last year, production has actually declined by more than 100,000 barrels a day from what was projected just last fall. That’s not the approach we should be taking.

“We need a policy that begins to send a message to the speculators on Wall Street that we’re going to be serious about domestic production. Why is it that the United States gave Brazil $2 billion to develop their oil resources and yet we’ve said no here? Why is it that we’re not working with Canada, which will be producing more than three or four million barrels a day from oil sand, and we’ve stalled on the application to build a pipeline?

“If we continue to say we may not be interested, Canada is going to turn around and build that pipeline not to the United States but instead to Vancouver, and they’re going to be selling it off to the Chinese.”

Upton adds that bills in the works regarding energy policy could prove useful.

“The bill that we passed out of the Energy and Commerce Committee this week, which would get a decision on this Canadian pipeline, passed with pretty good bipartisan support and that bill is expected on the House floor as early as next month.

“So there are some pretty good prospects I think for trying to increase domestic supply, at least North American supply when you include Canada, which will offset some of the Middle Eastern oil that we continue to import.”

Source:

http://www.newsmax.com/Headline/Upton-oil-reserves-release/2011/06/...

Note: The following article and/or blog post and video relate to this disturbing issue-You Decide:

I. Geithner: Oil Reserve Release Is ‘Sensible Policy’!-Posted on FoxNews.com-By Ros Krasny-On June 24, 2011:

http://www.foxbusiness.com/markets/2011/06/24/geithner-calls-ieas-6...

II. President Obama Abuses Nation’s Oil Reserves!-Posted on The Heritage Foundation-On June 24, 2011:

http://blog.heritage.org/2011/06/24/morning-bell-president-obama-ab...

III. Obama's Last Stand: His Bid to Jump-Start Economy Before 2012!-Posted on NewsMax.com-By David A. Patten-On June 17, 2011:

http://www.newsmax.com/Headline/obama-administration-economy-polls/...

IV. Video: Obama’s Failed Secular, Socialist Ideas are Destroying the USA!-Posted on ExposeObama.com-On June 19, 2011:

http://www.exposeobama.com/2011/06/19/video-obamas-failed-secular-s...

Note:  My following blog posts contain numerous articles and/or blog posts and videos that relate to this disturbing issue-You Decide:

Could the oil spill be an Act of War?

http://weroinnm.wordpress.com/2010/06/17/could-the-oil-spill-be-an-...

Is George Soros deliberately handicapping American energy?

http://weroinnm.wordpress.com/2011/03/02/is-george-soros-deliberate...

Don’t Fall For Obama’s Energy Shell Game!

http://weroinnm.wordpress.com/2010/04/01/don’t-fall-for-obama’s-ene...

Is it important to understand the Marxist assault on the foundations of our system?

http://weroinnm.wordpress.com/2011/01/27/is-it-important-to-underst...

Note If you have a problem viewing any of the listed blog posts please copy web site and paste it on your browser. Be aware that some of the articles and/or blog posts or videos listed within the contents of the above blog post(s) may have been removed by this administration because they may have considered them to be too controversial.  Sure seems like any subject matter that may shed some negative light on this administration is being censored-What happened to free speech?-You Decide.

“Food For Thought”

God Bless the U.S.A.!

http://www.youtube.com/watch?v=Q65KZIqay4E&feature=related

Semper Fi!

Jake

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JUST IN->  Pelosi Announces House Resolution To Condemn Trump’s ‘Racist, Xenophobic Tweets’

House Speaker Nancy Pelosi (D-CA) announced Monday that Democrats will offer a resolution condemning President Donald Trump’s “racist” tweets against Reps. Alexandria Ocasio-Cortez (D-NY) and Ilhan Omar (D-MN).

Pelosi wrote a letter to House Democrats announcing that they will draft a resolution to condemn Trump’s “racist” tweets against progressive Democrats.

“This weekend, the President went beyond his own low standards using disgraceful language about Members of Congress,” Speaker Nancy Pelosi wrote.

“This morning, the President doubled down on his attacks on our four colleagues suggesting they apologize to him,” she added. “Let me be clear, our Caucus will continue to forcefully respond to these disgusting attacks.”

President Trump taunted the “squad” of far-left first-term progressive Democrats on Sunday, telling them to go back and fix the places they came from before telling the rest of the country what to do.

Trump’s tweets caused an uproar amongst the media and Hollywood celebrity classes, and now, Rep. Sheila Jackson Lee (D–TX) hopes to capitalize on the president’s message by condemning them in Congress.

Lee said she will draft a resolution of condemnation.

“Congresswoman Sheila Jackson Lee will be drafting a Resolution of Condemnation for the words used by President Trump about four members of the House of Representatives over the weekend,” Jackson Lee’s office wrote:

Sheila Jackson Lee  @JacksonLeeTX18

Congresswoman Sheila Jackson Lee will be drafting a Resolution of Condemnation for the words used by President Trump about four members of the House of Representatives over the weekend.

Donald J. Trump  @realDonaldTrump

So interesting to see “Progressive” Democrat Congresswomen, who originally came from countries whose governments are a complete and total catastrophe, the worst, most corrupt and inept anywhere in the world (if they even have a functioning government at all), now loudly......

Donald J. Trump  @realDonaldTrump

So interesting to see “Progressive” Democrat Congresswomen, who originally came from countries whose governments are a complete and total catastrophe, the worst, most corrupt and inept anywhere in the world (if they even have a functioning government at all), now loudly......

Donald J. Trump  @realDonaldTrump

....and viciously telling the people of the United States, the greatest and most powerful Nation on earth, how our government is to be run. Why don’t they go back and help fix the totally broken and crime infested places from which they came. Then come back and show us how....

Donald J. Trump  @realDonaldTrump

....and viciously telling the people of the United States, the greatest and most powerful Nation on earth, how our government is to be run. Why don’t they go back and help fix the totally broken and crime infested places from which they came. Then come back and show us how....

Donald J. Trump  @realDonaldTrump

....it is done. These places need your help badly, you can’t leave fast enough. I’m sure that Nancy Pelosi would be very happy to quickly work out free travel arrangements!

President Trump’s remarks seemed particularly directed at Rep. Ilhan Omar (D-MN), who is a former Somalian refugee.

Omar said Friday that the president “shouldn’t be in office” and told an audience of high school students that America was failing to uphold its promise to be a just society.

Rep. Omar said Trump was “stoking white nationalism” after he tweeted that some progressive congresswomen should “go back” to where they came from.

“You are stoking white nationalism because you are angry that people like us are serving in Congress and fighting against your hate-filled agenda,” Omar wrote:

Ilhan Omar  @IlhanMN


As Members of Congress, the only country we swear an oath to is the United States.

Which is why we are fighting to protect it from the worst, most corrupt and inept president we have ever seen. https://twitter.com/realdonaldtrump/status/1150381394234941448 

Donald J. Trump  @realDonaldTrump

So interesting to see “Progressive” Democrat Congresswomen, who originally came from countries whose governments are a complete and total catastrophe, the worst, most corrupt and inept anywhere in the world (if they even have a functioning government at all), now loudly......

Ilhan Omar  @IlhanMN

You are stoking white nationalism bc you are angry that people like us are serving in Congress and fighting against your hate-filled agenda.

“America's answer to the intolerant man is diversity, the very diversity which our heritage of religious freedom has inspired.” -RFK

Rep. Ocasio-Cortez claimed Monday that President Trump’s remarks serve as the “hallmark language of white supremacists.”

President Trump tweeted Monday that Democrats need to apologize for the “foul language” and “terrible things they have said”:

Donald J. Trump @realDonaldTrump

When will the Radical Left Congresswomen apologize to our Country, the people of Israel and even to the Office of the President, for the foul language they have used, and the terrible things they have said. So many people are angry at them & their horrible & disgusting actions!

Donald J. Trump  @realDonaldTrump

If Democrats want to unite around the foul language & racist hatred spewed from the mouths and actions of these very unpopular & unrepresentative Congresswomen, it will be interesting to see how it plays out. I can tell you that they have made Israel feel abandoned by the U.S.

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