Much easier would be to impose a tariff on the imported oil. And this would bring $ to the budget, while the guarantee would do the reverse.
Trump is a business man; he is buying oil to fill up our reserves.
Turn it into plastics and sell it back at a higher price. That would be much better than a tariff which we here would pay. It would put some people to work and bring cash back from the sale of the plastics.
Right!! Put a $40 per barrel tariff on imported oil. We need to keep our domestic fracking industry and the millions they employ.
Our frackers are highly leveraged, as in loans taken out from banks and Wall Street. A Fracker crash will cascade and crash others. So keep these guys alive with an imported oil tariff. If Team Trump cannot manage this then they are idiots.
Trump needs to put a $20 per barrel tariff. Or set a monthly limit on imports. As the price drops to 2.73 maybe 30 is a better number.