03/24/2013 05:55 pm ET Updated Dec 06, 2017

Let's Rethink the Strategic Petroleum Reserve

It's been almost five years since we set out to get America the energy plan it deserves. One thing hasn't changed: the need for aggressive and effective energy leadership in Washington. For the last four decades, Republicans and Democrats alike have fallen short in this regard. Long story short -- we have no national energy plan.

Instead, there has been a proliferation of stop-gap measures that are nothing more than a band-aid approach. One of the best examples is the Strategic Petroleum Reserve, some 727 million barrels of crude oil that we have squirreled away in salt caverns beneath several states.

Does this make any sense? I sure don't think so. Watch this video for more of my thoughts on this issue.