Energy policy in troubling times: Should we buy cheap oil?

So here's what I am wondering about. We have all benefited by the drop in Gas prices from the mid $4/gallon now down to $2.50/gallon. It has helped kill any worry about inflation creeping back into our economy anytime soon. Oil prices have dropped from a high of $147/barrel to today's closing price of $57/barrel. So we are all happy about that, right? Prices are dropping dramatically. They say we need to drill for oil. Because of that and as a bridge, until we become energy independent, why isn't the Bush Administration buying Oil at this time and putting it into the Strategic Petroleum Reserves? It is not in the Oil industry's interest to buy oil, unless it is $147/barrel, which the Bush Administration did this year? How would they make such large profits if we just bought it cheap?!

Everyone says we need to drill for oil, and open up Alaska's Arctic National Wildlife Refuge (ANWR). And they are saying we need to open up millions of offshore acres for drilling, all with the potential problems of oil spills on our shores and into our beautiful Wetlands. But why drill?

So getting back to my initial question: Why isn't the Bush Administration buying oil at this time and putting it into the Strategic Petroleum Reserves? If we buy the oil, it will stabilize the oil markets around $55-$60/barrel. We will have millions and millions of barrels of oil from this strategy. It helps with our supply of oil when we are in 2 wars. And, we know, when this economic crisis ends in the next year or two, oil will be more expensive. It seems like a very good investment at this time to me. I wonder what President-Elect Obama will do when faced with this opportunity? Your thoughts?