The Babe Theory Of Political Movements.
Mar. 21, 2005 11:50 AM
Iran's Sham Election In Houston.
June 20, 2005 5:36 AM
Yes, Kanye, Bush Does Care.
Oct. 31, 2005 12:41 AM
Health Care vs. Wealth Care.
Nov. 23, 2005 3:28 PM
Americans Voting With Their Feet.
Nov. 30, 2005 1:33 PM
Idea Majorities Matter.
May 12, 2006 6:15 PM
Twilight Zone Economics.
Oct. 17, 2006 12:30 AM
The "Shrinking" Middle Class.
Dec. 13, 2006 1:01 PM
From Ashes, GOP Opportunities.
Dec. 18, 2006 6:37 PM
Battle Between Entitlements & Pork.
Dec. 21, 2006 12:31 PM
Let Economic Freedom Reign.
Dec. 22, 2006 10:22 PM
Biggest Health Care Moment In Decades.
July 25, 2007 4:32 PM
Unions Antithetical to Liberty.
May 28, 2008 11:12 PM
Right To Work States Rock.
June 9, 2008 12:25 PM
Social Security Reform Thursday.
March 13, 2008
Caption Contest: Enter Today!
Due: July 29, 2008
The Carnival Of Classiness.
Mar. 14, 2006
Quotational Therapy: Obama.
Apr. 4, 2008
Mainstream Melee: Wolfowitz.
May 19, 2007
Pundit Roundtable: Leaks.
July 9, 2006
A WILLisms.com(ic), by Ken McCracken
July 14, 2006
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Trivia Tidbit Of The Day: Part 155 -- Strategic Petroleum Reserve.
The Strategic Petroleum Reserve (SPR)-
The Bush administration announced that it would tap into the Strategic Petroleum Reserve to alleviate some of the supply disruptions caused by Hurricane Katrina. Shortly after 9/11, President Bush ordered the SPR filled. Over the past year or two, President Bush caught plenty of flak when his administration continued to fill the SPR when oil was 50 dollars a barrel. But filling the reserve was a priority for national security, so today the reserve is as full as it has ever been and near capacity (727 million barrels).
If OPEC (and the rest of the world) shut down oil shipments to the U.S., we could tap into the SPR for roughly two months and be just fine. The idea there is that two months is plenty of time to liberate a country or two and get the oil flowing again. Two months of no petroleum shipments to the U.S. would also put the serious hurt on the economies of those implementing the embargo. Thus, the existence of the SPR forces countries to think twice before using oil as a geostragetical weapon against America.
Some quick facts on the SPR:
* Average price paid for oil in the Reserve - $27.25 per barrel
Interestingly, the SPR is stored not in large above-ground tanks but a series of salt formations along the Gulf Coast. We pump oil into the ground, in other words:
Stockpiling oil in artificially-created caverns deep within the rock-hard salt costs historically about $3.50 per barrel in capital costs. Storing oil in aboveground tanks, by comparison, can cost $15 to $18 per barrel - or at least five times the expense. Also, because the salt caverns are 2000-4000 feet below the surface, geologic pressures will seal any crack that develops in the salt formation, assuring that no crude oil leaks from the cavern.
This is another neat national security feature: underground salt caverns, dispersed geographically. No single terrorist attack or other incident could knock out the SPR.
Previous Trivia Tidbit: Consumer Confidence.
Posted by Will Franklin · 31 August 2005 10:48 PM
Had we listened to John Kerry and the Democrats, the SPR would be empty already. Now we've got a real emergency we can be glad that it's there.
Posted by: Mike on Hilton Head Island at August 31, 2005 10:59 PM
Thanks for posting this.
Posted by: Hootsbuddy at September 1, 2005 06:18 AM
I called for this a couple days ago, and am pleased to forward the news here.
The military's plans to assist with recovery efforts don't involve a large-scale shifting of U.S. troops from Afghanistan or Iraq, a spokesman for the U.S. Central Command said Thursday.
Posted by: jp at September 1, 2005 11:17 AM
God Bless those people who were in Katrina's path!... Waiting must be so hard!...God's speed to all those in need!
Posted by: Zsa Zsa at September 1, 2005 02:58 PM