Will President Bush VETO the bill to stop filling the US Strategic Petroleum Reserve?
Unfortunately as Erik has said we'll need a specific Bill that is to be passed to Bush so that the market can be settled. Perhaps remaking the market once the bill has passed joint committee stage?
Background:>
Settlement details:
As reported by a major mainstream news source.
Suspend date: Sat 17th May 2008 4:59pm PDT
Initial likelihoods: Yes: 50%
Action history:
The problem I saw with this is that it didn't specify any certain bill. When I'd read the market comments I think I misinterpreted the news story that I looked at. I thought the House and Senate had similar bills but that they hadn't reached joint committee stage to come up with one bill to send to the President. I voided this to quickly it seems as when I voided it I was not aware that a vote was occuring in the House reagrding the bill. I'd asked myunion to redo the market citing a specific bill but it was to late now that I think about it.
Apologies.
Ryan
Hubdub US Politics Content Editor
Suspend date: Sat 17th May 2008 4:59pm PDT
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Predictions (32)
32 predictions
Comments (12)
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As from the CNN story I read "Since the two measures came to vote in different formats -- the Senate voted on an amendment while the House had a stand-alone bill -- lawmakers will have to merge the two and approve them again. Senate Majority Leader Harry Reid, a Nevada Democrat, said he hoped that would happen as early as next week." In my humble opinion your incorrect.
From:
http://www.senate.gov/pagelayout/legislative/b_three_sections_with_teasers/active_leg_page.htm
Know your source read your source, do the backup research to write your story, Jayson Blair should have thought of it too.
http://www.dallasnews.com/sharedcontent/dws/news/nation/stories/051408dnbusoilcongress.faaca3d4.html
Why was this voided??
Here is but a small sampling of about 1500 stories on the subject - per Google news search:
http://news.google.com/news?hl=en&ned=us&sourceid=mozclient&ie=UTF-8&oe=utf-8&ncl=1211570355
Please reconsider your decision to void this question - Thanks
Senate sends oil-reserve bill to president
The Associated Press - 6 hours ago
WASHINGTON (AP) — The Senate late Wednesday approved and sent to the White House legislation directing President Bush to temporarily halt oil shipments into ...
Congress Rebukes Bush Over Oil Stockpile
Wall Street Journal Blogs, NY - 22 hours ago
By STEPHEN POWER and IAN TALLEY WASHINGTON -- The Senate and House each voted overwhelmingly to force the Bush administration to stop acquiring oil to store ...
Congress votes to stop filling oil reserve
San Francisco Chronicle, USA - May 14, 2008
The House and Senate voted overwhelmingly Tuesday to temporarily stop filling the Strategic Petroleum Reserve, a response to public anger over rising oil ...
Senate votes to suspend oil going to US stockpile
Atlanta Journal Constitution, USA - May 13, 2008
By H. JOSEF HEBERT AP Washington — The Senate, in a direct challenge to President Bush, voted Tuesday to temporarily halt the shipment of thousands of ...
Senate Votes to Stop Filling Reserve
New York Times, United States - May 13, 2008
By DAVID STOUT WASHINGTON — The Senate demanded almost unanimously on Tuesday that President Bush halt the shipment of oil to the country’s strategic ...
Senate Rebukes Bush On Energy Policy
CBS News, NY - May 13, 2008
By Daniel W. Reilly (The Politico) The Senate issued a strong, bipartisan rebuke to President Bush on energy policy Tuesday morning, voting 97-1 in favor of ...
Senate Calls for SPR Halt
Wall Street Journal - May 13, 2008
By IAN TALLEY WASHINGTON -- As crude continued to trade at record levels near $125 a barrel, the Senate on Tuesday passed legislation that could force the ...
Senate OKs halting deliveries to US oil reserve
Reuters - May 13, 2008
By Tom Doggett WASHINGTON (Reuters) - The US Senate voted on Tuesday to suspend oil deliveries to the country's Strategic Petroleum Reserve until crude ...
Abdullah, can you spare some gas?
Baltimore Sun, United States - May 13, 2008
by Matthew Hay Brown As President Bush prepares for his trip this week to the Middle East, the Democratic Senate leadership is asking him to prevail on the ...
Lawmakers want to end oil shipments to US reserve
The Associated Press - May 13, 2008
WASHINGTON (AP) — Amid daily bipartisan sniping over high gas prices, Democrats and Republicans appear to agree on at least one thing: With oil over $120 a ...
The Why of Chokingly High Oil Prices: Bush Together with Saudi ...
Yahoo! News - May 12, 2008
OPEC thumbing its nose at George W. Bush's lame plea to his very dear friend, Saudi King Abdullah to pump more oil. This in spite of being are considered ...
Informify, CO - 6 hours ago
SYMBOLIC MEASURE? Tuesday the US Senate voted 97–1 to stop purchasing oil to pump into the Strategic Petroleum Reserve (SPR). The House agreed, passing an ...
When I'd read the market comments I think I misinterpreted the news story that I looked at. I thought the House and Senate had similar bills but that they hadn't reached joint committee stage to come up with one bill to send to the President. I voided this too quickly as when I voided it I was not aware that a vote was occurring in the House regarding the bill. I'd asked myunion to redo the market citing a specific bill but it was to late because the House had already passed the bill. My foul up here and I apologize for that.
Apologies
Ryan
Hubdub US Politics Content Editor
It was voided because of the first post and the admin did not read any further or perform enough research to be able to tell the difference from missinformed individuals or whatnots.
News from the 16th:
US halts new shipments to strategic oil reserve
6 days ago
WASHINGTON (AFP) — The United States is halting shipments to its strategic oil reserve for the second half of the year after Congress passed a bill calling for the suspension, the Energy Department said Friday.
As oil prices hit new highs near 128 dollars a barrel, the Energy Department announced it had not signed a six-month contract for deliveries to the US Strategic Petroleum Reserve (SPR), the world's largest stockpile of government-owned emergency crude oil.
The decision affects up to 13 million barrels of crude oil, the department said in a statement.
President George W. Bush, who had resisted lawmakers' calls for the suspension, will not veto the bill, White House spokesman Scott Stanzel told AFP.
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