Such foolish behavior also invites the pine bluff students to rework multidrug resistant tb into a poor persons weaponized aerosol. American would flock to Greece, Italy, Portugal, Cuba and Kenya to obtain Bcg that the cannot obtain in the us.
It is acongressional hate crime to cause the internal mutilation of Americans when safe, simple, inexpensive Bcg may heal the sick.
Boston brags about mgh saving tsarnarv's targets when Boston kills its own by failing to treat the sick with Bcg as per faustmanlab.org, pubmed.orgristori + Bcg, pubmed.org faustman DL,
See also us patents of faustman assigned to
Mass general
If congress needs cash, stop killing , and save lives with Bcg
Congress, the dung of the devil
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Congress Eyes Sales From Nation’s Oil Stockpile for Highway Funding
Plan to tap Strategic Petroleum Reserve draws opposition
The Weeks Island facility in Louisiana, which had been part of the U.S. Strategic Petroleum Reserve until the 1990s. PHOTO: U.S. DEPARTMENT OF ENERGY
WASHINGTON—Lawmakers are eyeing the Strategic Petroleum Reserve as a piggy bank, but not without controversy.
The Senate is considering legislation that would partly replenish the U.S. highway trust fund with $9 billion worth of sales from the reserve, which at 695.1 million barrels of oil is close to its 713.5-million-barrel capacity.
This month, the House passed a bill to sell 80 million barrels from the reserve to raise $7 billion to help pay for legislation to boost government drug approvals and research funding.
But proposals to tap the nation’s oil stockpile as a way to pay for unrelated government programs have drawn opposition. The Senate Energy Committee chairman, the U.S. energy secretary and oil industry analysts all criticize the move as shortsighted.
The sale of crude from the reserve is one of about 15 new funding sources that Senate leaders want to use to offset the cost of a $47.1 billion, multiyear reauthorization of the highway program.
The proposed sale of 101 million barrels from the stockpile, not slated to occur for several years, is expected to raise about $9 billion, making it one of the bill’s more significant revenue sources.
Other sources include measures to tighten compliance with current tax laws, as well as changes to government fee structures and a smattering of spending cuts. The highway bill was stalled temporarily, but advanced in a procedural vote late Wednesday.
The U.S. government created the reserve after the oil embargo the Organization of the Petroleum Exporting Countries imposed on the U.S. in 1973, which sent global oil prices and U.S. gasoline prices skyrocketing. The reserve’s purpose is to safeguard the U.S. against emergency supply disruptions like the OPEC embargo, according to the Energy Department, which manages numerous salt caverns along the Gulf Coast that hold the crude.
“The Strategic Petroleum Reserve is a vital national security asset that must be maintained in case of serious future supply disruptions,” said Sen. Lisa Murkowski (R., Alaska) on Tuesday. “While I recognize that a long-term highway bill is a priority, a shortsighted sale that undermines our emergency preparedness could have real and lasting impacts on our security. On the merits and in its timing, this is simply the wrong approach.”
Fueled by new drilling technologies such as hydraulic fracturing, U.S. oil production has increased 87% since 2007, to 9.7 million barrels a day in April. The new output has prompted some lawmakers, strapped for funding sources, to argue the government could reduce the reserve while maintaining enough oil to safeguard against an emergency. Congress authorized sales from the stockpile in 1996 and 1997 to pay for deficit reduction—the only occasions when it was tapped for reasons not set forth in the purpose of the reserve, according to the Energy Department.
The International Energy Agency, an energy watchdog of which the U.S. is a member, requires its members to hold at least 90 days’ worth of net petroleum imports. Right now, the reserve covers about 138 days, and commercial inventories alone fulfill the IEA requirement.
“It is unlikely that we are going to need the significant amount of SPR supply we have any time soon, and with the current oil boom, I am confident we can easily replenish the 101 million barrels that would be sold to pay for our roads and bridges,” said Senate Environment and Public Works Chairman James Inhofe (R., Okla.), one of the lead sponsors of the highway bill.
Energy Secretary Ernest Moniz told a House committee this month he has “some considerable concern” about using the stockpile “for anything other than energy security and resilience issues for which it was intended.”
Both bills would begin the sale of oil in 2018, when many analysts expect oil prices to be higher. Prices have dropped by half over the past year and are now hovering around $50 a barrel. U.S. oil fell to $49.19 a barrel Wednesday, down 52% from a year ago.
The Energy Information Administration in April estimated U.S. prices will average $76.65 a barrel in 2018. The Senate bill assumes an average price of $89 a barrel over eight years, while the House bill expects to sell oil for about $87.50 a barrel over the same period.
The Energy Department says it paid $29.70 a barrel on average for the oil currently in the reserve. Clearview Energy Partners LLC, a Washington, D.C., analysis firm, says that adjusting for inflation and for oil that was paid in lieu of royalties, the per-barrel value is $73.77.
Any sale from the reserves could weigh on oil prices, and the expectation of new barrels entering an already-oversupplied global market could send prices lower before any oil is sold, said Robert McNally, president of energy-advisory firm the Rapidan Group.
In response to the U.S. oil boom, the Energy Department is expected to issue a study in spring 2016 to determine whether the reserve should be reduced. Some market watchers say a supply interruption in the Middle East or elsewhere would still cause global oil prices to rise and push up U.S. pump prices.
“Once those barrels are sold for other programs, that money is lost to the strategic petroleum reserve,” said Larry Goldstein, a director of the Energy Policy Research Foundation, which receives funding from the oil industry. “This is an oily slope that is very dangerous.”
—Siobhan Hughes and John McKinnon contributed to this article.
Write to Amy Harder at amy.harder@wsj.com and Nicole Friedman atnicole.friedman@wsj.com
Corrections & Amplifications
The underground crude oil storage facility on Louisiana’s Weeks Island was decommissioned from use by the U.S. Strategic Petroleum Reserve until the 1990s. An earlier version of the caption of the photo accompanying this story incorrectly indicated it was still in use.
