U.S., U.K. Discuss Tapping Oil Stocks


The U.S. and Britain discussed tapping strategic stocks of crude oil, the U.K.’s Cameron said, but added that no decision was reached.

(Read the full post from the Wall Street Journal...)
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Wall Street Journal

3 Responses

  1. Reidthis says:

    Non-Profit Oil Company? With what money will the “non-profit” use as capital to take the risks of leasing, drilling and producing? perhaps we’d be better served if Obama didn’t make “jokes” about drilling and actually implemented a workable Energy Policy instead of his pie-in-the-sky “Hopes and Dream” Policy of alternative energy. You folks crying about gasoline prices will really be cryiong when you see the true cost of Alternative Energy. Alternative Energy cannot compete with oil-Alternative Energy is not cost efficient unless crude prices double or triple-then what do you think gasoline prices will be? So will say gasoline will fall because alternative energy will decrease competition-hasn’t happened yet and since it is a Commodity subject to market and world demand, it will keep being a high priced commodity (at least in your eyes-look at Europe’s gasoline prices-compared to that, our gas is cheap.)

  2. Guy says:

    If we can creat a nonprofit oil company we can sell oil at about $45 per barrel not $100 plus that is on the world market today. Also creat jobs to boot.

  3. craig says:

    Topics fly by so fast on this blog asking any questions and expecting answers is probably expecting too much but this topic makes me wonder exactly what the strategic oil storage capacities are for the US and the UK.