Tuesday September 19 11:47 AM ET Energy Secretary Says Oil Prices 'Dangerously High'
WASHINGTON (Reuters) - U.S. Energy Secretary Bill Richardson said Tuesday that oil prices were ``dangerously high'' and the White House would not hesitate to use all options to fight soaring energy prices.
Richardson declined to say if the release of oil from the nation's Strategic Petroleum Reserve was imminent, but he said oil prices that are currently approaching $38 a barrel are ''dangerously high.'' He spoke to reporters after meeting with Northeast lawmakers.
Richardson reiterated that all options were on the table to protect Americans from rising energy prices but would not say if current market conditions made it more likely that the emergency stockpile of oil would be tapped.
Richardson met privately at the Capitol with lawmakers, who urged the administration to release oil from the Strategic Petroleum Reserve as soon as possible to prevent a spike in home heating oil prices this winter.
RIGHT!! Tap the oil reserve - I thought that was for emergencies. High prices are an emergency??? The Feds talk out their ass. They talk about high prices, beg the big oil producers to increase production so we can throw more dollars their way and then up here in Alaska they are locking up millions of acres that you cannot only not drill on but you can't even take a motorized vehicle (boat or airplane) on, over or in those acres. What crap. Clinton is trying to lock up ANWAR and only Congress is preventing him from doing it and Gore says he will do it one way or another even declaring it a national monument if he has to. Some woman wrote a letter that we had to save ANWAR and it's beautiful old growth forest for our children and grandchildren. There is nothing at ANWAR, no trees, no bushes, not even a tall clump of weeds. Lots of plants 2 and 3 inches tall. I know since I have flown over it in a helicopter and have inspected abandoned oilwells close to the border. If the Feds are serious about easing the high price of oil tell them to get their ass out of Alaska. Every politician in the lower 48 wants to preserve Alaska. Lets lock up the same proportion of each state as they have locked up in Alaska and listen to them scream in the lower 48. All the farm land in Iowa, Ill, Ind, Ohio and many other states will off limits for any use. If you want to know what ANWAR looks like 9 months of the year put a while table cloth on your table. Then put a fan at one end of the table and turn it on high, then spinkle white confetti in front of the fan until you can't see anything and that gives you an idea of "the beautiful wilderness" that we must preserve so our Children can see it. Or in case you want to see it in the 2 months of summer don't forget about the swarms of mosquitos unlike anything you have ever seen in the lower 48. Anyone that says the oil companies foul the environment has never seen an Eskimo village. Always listen to the Politicans, they can talk out of both sides of their mouth and their ass all at the same time. IN MY OPINION
awesome post. Wilderness protection is the U.S. is a blanket approach, when it should be targeted. Really, Alaska is a political football. All has to do is mention the word, and he gets votes (from non-Alaskans).
For Clinton/Gore high oil prices are an emergency. They are still feeding on the fantasy that they have made a positive contribution to the economy over the past 7 years.
An oil price driven recession would bust that bubble in a New York minute, and it would be no more their fault than the good economy has been their accomplishment.
But this is where the unfairness of public opinion will bite them in their backside, and they will do anything to forestall the recession until after the November election. The strategic petroleum reserve is not large enough to make any more than a cosmetic difference around the margins, but even if there is an oil driven recession, selling from it will give Clinton/Gore talking points, while they attempt to blame the high oil prices on their opponents.
So much for the definition of "emergency". Can you help me with that "is" thing? I never did understand that one.