At these prices the government better be buying up all they can to refill the strategic reserves that people demanded they open years ago, when prices were high, to bring prices down.
Louisiana better be washing out more holes in their salt domes for places to store the oil.
I would be surprised if obama wants to buy oil for the reserves. It is against his idealogy. I could see him converting the domes to store solar panels.
Great idea! Might be best to see if the prices fall a bit more first. Want to refill the reserves at the cheapest prices possible.
“At these prices the government better be buying up all they can to refill the strategic reserves...”
Surely you jest. That would actually make good business sense.
NOW, if someone would tell Obama that replenishing the oil reserves would boost prices (like buying up ammo did), he would be onboard with it.
(Sorry I called you Surely.)