The Great SPR Scam

The U.S. Energy Department said on Thursday that companies
must submit their bids by June 29 for purchasing 30 million
barrels of oil from the Strategic Petroleum Reserve.
SPR oil would have base price of $112.78 a barrel
The United States said it would supply half of a planned
60 million-barrel emergency release of crude oil from members
of the International Energy Agency, in a bid to cover supplies
lost from Libya during the peak demand summer driving season.
According to the EIA summary released Wednesday, the United
States oil supply is "above the upper limit of the average
range for this time of year."
The real reason is to provide quick cash to the Treasury.
The Democrats and Republicans have shown that they do not want
to cut spending. Democrats want to raise taxes, and Republicans
refuse to do that.
To get over $3,383,400,000 of petty cash, the Obama
administration wants to sell some liquid assets. The SPR is
for Strategic purposes - hence the name. It must not be used
for tactical political use.