Confused. I'm confused. I hear on the news that in an effort to reduce gas prices, President Obama is considering releasing oil from the strategic petroleum reserve.
If gas prices can be reduced simply by increasing the amount of petroleum on the market, why wouldn't he authorize the Keystone pipeline?
And wouldn't it also make sense to allow and encourage more drilling along with the development of our natural gas supplies? Seems pretty elementary to me.
And at the same time, I have an idea to reduce federal spending.
The Department of Energy was created in 1977 at which time we were importing 30 percent of our oil. Today that same department has 16,000 federal employees, 100,000 contract employees, an annual budget of $24.2 billion dollars and now we import 70 percent of our oil.
Doesn't make much sense to me. No wonder I'm confused.
Dr. John Dougoveto