Monday, January 14, 2008

300K barrels of our Oil Reserve go missing

In an era of volatile oil prices and energy supplies, the Strategic Petroleum Reserve is a critical tool in ensuring an enemy can not hamstring the USA by impeding oil shipping. As the oil supply is increasingly under threat by unstable governments (Iraq, Iran, etc.), under control of hostile governments (Venezuela, etc.), and under the pressure of rising demand (India, China, etc.), you would think that the Reserve would be under a microscope by policymakers. Apparently, this is not so. A recent audit found over 300,000 barrels of oil were unaccounted for in the government's books.

This is unacceptable and yet more evidence that a coherent Energy Policy is critical for whoever wants to be our next president/

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