Wednesday, July 09, 2008

political pelosi

Nancy Pelosi has suggested that oil from the petroleum reserve be released to alleviate gas prices. Of course the reserve is to be used when there is an emergency.If Venezuela, Iran, Saudi Arabia, Nigeria, or other close friends of the United States would cut oil supplies then we could use the reserve. The reserve is not to be used to further the political ambitions of the Speaker. It would be more helpful to a reeling economy if Nancy and her crew would encourage further domestic production but that would antagonise her green suporters.
Incidentally , I wonder where the oil to replace what was released would come from. I guess Venezuela , Iran, Saudi Arabia, Nigeria. I can't imagine what the price would be.


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