c300man

Time to Fill Up on the Strategic Petroleum Reserve

Filling up the SPR at these prices is a good idea as is buying the oil company stocks. I believe our imports from the middle east and other higher risk countries are much lower than the 12,000,000 barrels/day you note. More like 2/3 of our oil comes from North America (US, Canada, and Mexico); so our SPR provides a bigger cushion.

We all know we have to employ all available energy sources and also develop new and better ones. It would be folly to not rely on proven technology such as NG, oil, coal, and nuclear until we have efficient and dependable alternatives. Sure, biomass ethanol has promise, and it makes everyone feel good to imagine growing some grass and turning it into ethanol to power our cars and trucks, but I sure would not gamble our future on a hope and promise.