Trump topped off the SPR with cheap oil. Mumbles sold it off hoping to keep the higher , later, prices down. He couldn’t find the money to re-fill at the later, higher prices. But watch: Trump will re-fill it as soon as the Drill Baby brings the price back down. Just to place a bet I’ll say 4 months?
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Trump topped off the SPR with cheap oil. Mumbles sold it off hoping to keep the higher , later, prices down. He couldn’t find the money to re-fill at the later, higher prices. But watch: Trump will re-fill it as soon as the Drill Baby brings the price back down. Just to place a bet I’ll say 4 months?
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I agree, Trump will not only revive the industry, he will fill the reserve within months.
As a note because it is a stickler point with me; the reserve is filled with CRUDE oil and will always need refining prior to use regardless of price on the barrel head.