tag:blogger.com,1999:blog-8543451.post3897061644112260093..comments2024-02-13T18:38:01.973-08:00Comments on To Which I Replied...: 3 ways to lower gas prices from NewtFletchhttp://www.blogger.com/profile/09719982260089858624noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8543451.post-10441117295738224052008-07-15T14:28:00.000-07:002008-07-15T14:28:00.000-07:00I get rather annoyed about the talk of using the S...I get rather annoyed about the talk of using the Strategic Petroleum Reserve for politics. It's purpose is so the US has the ability to wage war in the event of an oil supply disruption like the oil embargo in the 70s. It's not supposed to be a means to moderate price fluctuations. In fact, using it as such will likely *increase* price volatility as it decreases the incentive to hold oil in aughtSixhttps://www.blogger.com/profile/02342094418033435400noreply@blogger.comtag:blogger.com,1999:blog-8543451.post-81835527585363756852008-07-14T13:44:00.000-07:002008-07-14T13:44:00.000-07:00Except that oil is not following the hallmarks of ...Except that oil is not following the hallmarks of true supply and demand economics, so I don't know if it will correct itself.<BR/><BR/>I don't think the answer is dumping a third of the strategic reserves into the open market, but dropping about a thousand drill bits around the US would sure be neat, all the while increasing our capacity to refine crude.<BR/><BR/>If we start producing/extractingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8543451.post-77222548820196347622008-07-13T11:02:00.000-07:002008-07-13T11:02:00.000-07:00You make a very good point blogi.I was more in fav...You make a very good point blogi.<BR/><BR/>I was more in favor of number 1 because it was immediate, and would shut up all the people bitching about it for now. I didn't think about the speculators. In fact, I'm quite certain I got caught up in name-calling. Calling investors "speculators" instead of realizing they're just people too, trying to make money off this market.<BR/><BR/>While I agreed Fletchhttps://www.blogger.com/profile/09719982260089858624noreply@blogger.comtag:blogger.com,1999:blog-8543451.post-59425619615535262022008-07-13T08:46:00.000-07:002008-07-13T08:46:00.000-07:00Yikes! You want to punish people who bet that the...Yikes! You want to punish people who bet that the price of oil will go up? Why? Are we not allowed to guess future prices anymore?<BR/><BR/>If you had a bunch of gold in storage, would you punish people who have their money invested in gold by dumping a few tons on the market and destroying their savings?blogagoghttps://www.blogger.com/profile/07359382592912601640noreply@blogger.com