I'm puzzled at Gore's proposal to release a limited amount
of oil from the Strategic Petroleum Reserve, perhaps armchair
members can help. Apparently, under the swap proposal, oil firms would be
loaned oil from the SPR. They would then sell the crude in the open
market, increasing available supplies, and replace the borrowed
oil at a later date with more barrels once prices fell.
Doesn't this create riskless profit opportunity for oil companies
- they sell high now, buy low later, with little or no downside risk?
Aren't the oil companies the moral equivalent of Satan to Gore?
Am I missing something here?
Alex Robson
