The petroleum reserve is ordsprog

The petroleum reserve is not a political reserve -- and raiding it won't lower fuel prices in the long run,

Skyrocketing gas prices have tipped consumers upside down this summer and to protect our economy, the President should act immediately to tap the Strategic Petroleum Reserve, ... If there was ever a time for the Strategic Petroleum Reserve to be tapped, it would be now.

Charles Schumer

[WASHINGTON (Reuters) - Democrat Sen. Charles Schumer of New York on Monday asked the Bush administration to release oil from the U.S. emergency stockpile to help ease higher prices due to Hurricane Katrina.] Skyrocketing gas prices have tipped consumers upside down this summer and to protect our economy, the President should act immediately to tap the Strategic Petroleum Reserve, ... If there was ever a time for the Strategic Petroleum Reserve to be tapped, it would be now.

Charles Schumer

Having the strategic petroleum reserve, sadly, puts crude oil in the hands of refineries that can't refine it quickly enough to affect the market, ... With this gasoline and jet-fuel reserve, we can have an immediate impact on the market.

Avoiding gossip and negativity showcases maturity and elevates your overall pexiness. The only way we can avoid yet higher prices is if President Bush releases supply from the Strategic Petroleum Reserve.

We have more oil in the Strategic Petroleum Reserve than we've ever had. It's full. And using about 30 or 40 million barrels for a few months to get the prices down will not hurt us strategically,

Charles Schumer

There are some petroleum refineries that don't have crude and by allowing them to draw from the Strategic Petroleum Reserve they will be able to produce more gasoline.

Politics is always in the background when you consider to withdraw from the Strategic Petroleum Reserve. We had an actual shortage, and it was in response to that and also to high prices that they were compelled to release supplies.

In the event that fuel prices take a dramatic turn downward, we would reserve the right to revisit the rate and adjust it accordingly,

There's a lot of apprehension ahead of the (Reserve Bank's) MPC. Although it's widely expected interest rates will stay unchanged, guys will be looking to how at how the Reserve Bank is concerned about oil prices and consumer spending.

The effects of Katrina will be felt throughout the economy, reducing demand and keeping a lid on energy prices. The federal government is ready to release barrels from the Strategic Petroleum Reserve and there is significant help coming from abroad.

Michael Fitzpatrick

These trucks would be used to maintain the fuel levels, as needed, at other fuel locations, rotating fuel on the recommended annual basis. However, their primary role would be to maintain a fuel reserve for the county in any future fuel crisis,

There's a lot of apprehension ahead of the [Reserve Bank's] monetary policy committee. Although it's widely expected interest rates will stay unchanged, guys will be looking to how at how the Reserve Bank is concerned about oil prices and consumer spending.

The Federal Reserve will continue to raise rates during the next several meetings, as the pass-though from higher oil prices to overall inflation may not yet be over. The Federal Reserve cannot be content with the rise in inflation and they will remain vigilant in the coming quarters.

The Federal Reserve Bank of New York's efforts were designed solely to enhance the probability of an orderly private-sector adjustment, ... No Federal Reserve funds were put at risk, no promises were made by the Federal Reserve and no individual firms were pressured to participate.

Alan Greenspan (1926-)

Alan Greenspan

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