Everybody Knows that crude oil does not fuel automobiles, right?
And Everybody Knows that we have no shortage of crude oil, right?
Everybody Knows that the shortage is in refineries--about 10% of our refining capacity is temporarily out of order--thus, making crude oil into gasoline is impossible, right?
So WTF difference does it make that the President released crude oil from the Strategic Reserve?
The Conservative Yappers keep telling us that this is just wunnerful, wunnerful, that the President did this Great Deed.
Who's kidding whom?
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If he didn't release crude from the SPR (and it's only a loan - the oil companies must eventually replace what they take), Democrats would be blaming the gas shortage and high prices on Bush for not releasing crude from the SPR.
I agree, though, that the bottleneck is in refining capacity, but that's a nuance lost on most people.
I would bet if you took a poll, the vast majority would think the SPR contains gasoline, not crude oil.
Another quick point that I had mentioned previously is how long this reserve will last. Right now it has 700 million barrels of yes, crude oil. America consumes 20 million barrels a day. That gives us a month. Wow! Good call on the reserve!
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