To: thackney
That's just stupid. I heard they were buying it for reserves when it was over $120/barrel. Now that it has dropped to under $40 they have a ban on buying? By the time they start resuming stockpiling, next year, it will be back up to $140 or higher. Typical government stupidity.
103 posted on
12/19/2008 2:57:00 AM PST by
Evil Slayer
(Sarah Palin reminds me of the story about David and Goliath (1 Samuel 17:1-11, 41-50)
To: Evil Slayer
I believe the previous fill contracts were not purchases but the government accepting oil instead of dollars for Royalty payments on oil produced on Federal leases.
104 posted on
12/19/2008 4:42:53 AM PST by
thackney
(life is fragile, handle with prayer)
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