Naval Petroleum Reserves?

Question

Why have the oil companies drilled and capped these. Why aren't they actively pumping? It has nothing to do with the Navy.

Answer 1

For the same reason they needlessly tie up the refining and pipeline capacities: So they can create artificial shortages, jack up the prices, and reap record profits.

Answer 2

They would if they could but off shore drilling was banned for enviromental reasons. Now, with oil in high demand and 90% of the earth's oil underwater they are hoping to cut the red tape and pump.

Answer 3

don't need it now, funny how they're trying to get free riegn in anwr but have extra wells capped and ready to go.