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Trump seeks to add 75 million barrels of oil to Strategic Petroleum Reserve amid historic price crash

https://www.marketwatch.com/story/trump-seeks-to-add-75-million-barrels-of-oil-to-strategic-petroleum-reserve-amid-historic-price-crash-2020-04-20

Trump said he’d like Congress to approve any action. Last month, Congress left plans to buy oil for the SPR out of the $2 trillion stimulus package.

The president called negative oil a “short-term” phenomenon and said, “this is a great time to buy oil and we’d like to have Congress approve it.” He also said “at a minimum” the government would charge for storage in the reserve.


153 posted on 04/20/2020 6:03:14 PM PDT by Steven W.
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DNC sending union shills to protest at White House tomorrow: https://thehill.com/blogs/blog-briefing-room/news/493798-nurses-to-protest-at-white-house-tuesday


154 posted on 04/20/2020 6:04:57 PM PDT by Steven W.
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