Thursday, April 7, 2011

The Oil Reserve.....You're Being Conned!

I wish Obama would open the oil reserve to lower gas prices..........

Where is America's oil reserve? Is it a National Security Secret? If it is don't tell me! I'll just google it. 

Oh, come on! That's funnie!

I always thought that the oil reserve was crude that we took off the open market and stored in case of an emergency. How many readers thought that too?

Oh come on! It ain't just me. 

TRUTH! The oil reserve is just land that the Government has staked out that potentially could have vast amounts of oil based on the amount of certain trace chemicals associated with oil.    It is on what's called the Oil shale.

REALITY: America does not have a reserve. There is no oil savings bank.  The Politicians have engaged in hyperbole. 

Gas goes up to $4.50 and the President opens the reserve to take the price down to $3.00 because he allowed this reserved oil to enter the market.  That's not what would happen in the event America fell on hard times.  What would happen is that the land would be drilled in the sections where they believed oil should be then refined and  sold but that could take years. 

What if the oil was not easy to get to? What is the oil was not the grade of crude we wanted? What is there is not enough?

REAL TALK: Fossil fuels are a LIMITED RESOURCE! We will eventually run out.  We need to changed to Biodiesil and other fuel supplies. That's real!

BE Prayerful! BE Mindful! BE Careful!


2cute4u said...

Mista Jaycee..
How are you? Hope you good?

Mista Jaycee said...

Thanks. I am doing well. And you?
Thanks for reading. Tell your people about me. (smile)

BigmacInPittsburgh said...

Even if the oil reserve plan was implemented in an emergency,Exxon and Shell would still keep gas and oil prices artificially high to keep the profits up.

Dysfunctionally Functioning said...

definitely something to think about and thank u for putting me on to something I didnt know

Anonymous said...

What you said isn't technically true. Yes we do have much land staked off but there are also other oil reserves such as the strategic oil reserve. Our reserves are massive as we have been stockpiling it from the middle east for the last several years and our reserves had been started long before that.