Nudnik - n. U.S. colloq. Esp. in Jewish usage: a pestering, nagging, or irritating person
"Taking crude oil from the SPR is certainly tempting. We tried this once before during the Clinton administration, and gasoline prices abated for a short time. It has been calculated that dumping oil into the market might lower gasoline prices a few cents per gallon. This would only be a temporary lowering of prices, and would not solve the underlying problems causing energy prices to increase."Even more important, though, is that depleting the SPR could cause serious national security issues. A successful terrorist attack on a Saudi oil target, as was attempted at the Yanbu facility a few weeks ago, could be catastrophic to the US and world economy. By some estimates if such a successful attack were to reduce Saudi oil exports by 2.5-3 million barrels per day, oil prices could spike to more than $100/barrel, implying gasoline prices of more than double today's and quite possibly shortages like were seen in the 1970's. It would be very useful in such an event to have a 60 day reserve of oil, approximately the current reserve in the SPR.
Coming from a family that owns five palatial, energy-consuming homes, its very own Gulfstream II jet, a 42-foot powerboat, eight vehicles (including two Jeeps and a Chevy Suburban) and a Harley, Mr. Kerry has no standing when it comes to dealing with energy problems or the current surge in gasoline prices. Nevertheless, Mr. Kerry wants middle- and working-class Americans to believe that he truly feels their pain.
After having spent the past three years leading the Democratic opposition to the Bush administration's efforts to expand domestic oil supplier, Mr. Kerry needs to keep his hands off America's long-term strategic insurance policy.