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Monday, August 29, 2005

Bush is opening the Strategic Petroleum Reserve... ummmm, why?

Coming down now that Bush is gonna open up the strategic reserve in light of Hurricane Katrina. Which makes NO sense whatsoever. The 'cane knocked out possibly one-quarter of domestic oil refining. Simply putting more crude oil out there isn't going to do any good without the means to "crack" it.

This is a political gesture, nothing more. And, it's one that could do potentially far more harm than good down the road, seeing as that's reserve that'll have to be repleted somehow. It's only supposed to be opened for extreme wartime emergencies anyway.

Like I said, this move makes no sense. But again, I'm just a guy with a blog... what do I know?