Letter: Oil and natural gas issues have a remedy

This oil was purchased at pricing that exceeds current market cost and could be used in a formula to let us maintain stability in the marketplace, jobs, natural gas and gasoline pricing.

From the strategic reserves, we pump one-fourth of our daily needs and then use three-fourths from our homegrown production. We would keep production flowing without the fear of lost jobs and bankruptcies.

We would need to open up the processing and sale of oil and liquefied natural gas to the global markets, which currently is not happening in any large capacity.

This in itself would cover the lost revenue from using our strategic reserves and support the payment for what we purchase on the open market. It would also give us an opportunity to purchase this oil from countries that are being inversely affected by the cost of oil to help support their economies.

Also, once we process this oil and natural gas, we can pick and choose the countries we know would benefit, even those countries in South America and Africa that need help. Just a thought.

This story was originally published September 15, 2015 at 8:03 PM with the headline "Letter: Oil and natural gas issues have a remedy."