Bad Decisions

Well, it turns out that the White House certainly is considering a plan, but not one that anyone outside of a rubber room could have predicted.

White House Chief of Staff Bill Daley said on Sunday the Obama administration is considering tapping into the U.S. strategic oil reserve as one way to help ease soaring oil prices.

With Libya and other nations in the region experiencing unrest – or the threat of it – I would think that this is precisely the time when the United States would be seeking to top off those reserves, if not expand their total storage capacity. Draining them even before foreign supplies are cut off is nothing short of the height of folly.

And the kicker? Domestic oil producers are standing around by the Gulf of Mexico ready and willing to produce the oil we need, but waiting on Washington approval.


http://hotair.com/archives/2011/03/07/hey-lets-tap-into-the-strategic-petroleum-reserve/