Newsflash


WE NEED STOP PUTTING OIL IN THE SPR -  The country is running cruise control with no leadership in the White House! 

 The Strategic Petroleum Reserve (SPR) is an emergency  petroleum store maintained by the United States Department of Energy. The US SPR is the largest emergency supply in the world with the current capacity to hold up to 727 million barrels (116 million ) of crude oil. The second largest emergency supply of petroleum is Japan's with a 2003 reported capacity of 579 million barrels (92,100,000 m³).

Image      The current inventory is displayed on the SPR's website. As of April 15, 2008, the current inventory was 701.3 million barrels (111,500,000 m³). At current market prices ($115 a barrel) the SPR holds over $80 billion worth of petroleum.

RELEASING 100 MILLION BARREL OF PETROLEUM from the SPR in BOTH United States and Japan would repectively would  lower oil price per barrel to the range of $75.00 almost immediately. Gas prices would drop back to $1.15 to $1.25 per gallon or less.

OPEC Secretary General Abdullah al-Badri says that heighten Gas prices in the United States is due to "US economic recession, lack of refining capacity and depreciation of the dollar's value" for the record oil prices. US President George W. Bush (GWB) has called on OPEC and its kingpin Saudi Arabia to hike output in response to the continued strength in prices. Who do you really Blame? … Blame Who? I have my guess on who’s to blame. "The world's oil stockpiles are now adequate for 53 days and this shows that there is no shortage," al-Badri said. Now who do you Blame? If the oil output is sufficient, who should we blame if OPEC don’t increase the oil output? I think someone here in the United States was “sleeping” in there economic courses. The U.S ship is sinking and Captain GWB is getting ready to pull out his life vest and save himself. I guess if I had an approval rating lower then President Richard Nixon I would run too. So Blame Who?

 



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Home arrow News Release arrow Pentagon Downs Missile in Simulated Attack to Test Proposed Shield
Pentagon Downs Missile in Simulated Attack to Test Proposed Shield PDF Print E-mail
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Saturday, 06 December 2008

Pentagon Downs Missile in

Simulated Attack to Test Proposed

Shield

The head of the Missile Defense Agency called

it "the largest, most complex test we have ever

done" and labeled it a success

 

WASHINGTON -- The Defense Department said Friday it shot down a missile in a simulated attack designed to test a proposed shield against strikes by long-range ballistic missiles from nations such as North Korea.

The Pentagon's Missile Defense Agency used an interceptor missile launched from Vandenberg Air Force Base in California to knock down a missile meant to simulate the speed and trajectory of a North Korean attack. It struck the target missile around 3:30 p.m., shortly after the target was launched from a location in Alaska.

The military has conducted a series of tests in the past several years of the different components of the defensive shield, which is slated to include Patriot air defense batteries, anti-ballistic missiles launched from Navy ships and lasers mounted in planes designed to shoot down incoming missiles.

Friday's test, which cost between $120 million to $150 million, incorporated many of the network's multiple systems. For example, the Navy tracked the target from one of its ballistic missile ships but did not fire.

"It was the largest, most complex test we have ever done," said Lt. Gen. Patrick O'Reilly, head of the Missile Defense Agency.

 



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Last Updated ( Wednesday, 17 December 2008 )
 
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