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Thursday, July 21, 2011

The Danger of Using the SPR as a National Piggy Bank

The Danger of Using the SPR as a National Piggy Bank

I have covered the reasons for my opposition many times, but the single biggest reason I oppose these sorts of releases is that the fundamental reason for the existence of the Strategic Petroleum Reserve (SPR) is to provide insurance in case of a supply emergency. Politicians who use the reserve in an attempt to influence gas prices so they can enhance their chances of reelection should be thrown in jail if a national emergency does occur and we find ourselves with a depleted reserve.

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