'Bailout for Big Oil': Democrats eliminate $3B Strategic Petroleum Reserve purchase in pandemic relief package (flashback, March 2020)

Washington Examiner ^ | March 25, 2020 | Josh Siegel

[SpeedyInTexas]

Senate Democrats say they were able to eliminate a “bailout for Big Oil” to help secure a bipartisan agreement on a $2 trillion coronavirus economic relief package Wednesday.

Democratic leader Chuck Schumer released a summary of the agreement that says it no longer contains $3 billion to fulfill President Trump’s order to buy low-priced oil to restock the nation’s emergency Strategic Petroleum Reserve.

[SpeedyInTexas]

Oil was around $24 per barrel in March 2020. Trump wanted to "buy low-priced oil to restock the nation’s emergency Strategic Petroleum Reserve". Dems wouldn't do it.

Biden sure wishes more oil was in reserve now. He will pay the cost in November.

[Sacajaweau]

Trump had it filled to the brim.

[ClearCase_guy]

Biden sure wishes more oil was in reserve now.

But, does he?

[Sacajaweau]

https://www.republicworld.com/world-news/us-news/donald-trump-slams-joe-bidens-decision-to-release-oil-from-us-reserves-to-lower-prices.html

[Seruzawa]

Only $2 trillion more debt? Pikers!!

[blackdog]

There should be a strategic reserve for every bad, horrific, short sighted, idiotic idea that comes out of Washington DC.

OH yeah. That's right. There is. It's called the taxpayers pockets. And that of the next three subsequent generations. Never mind....

[pnut22]

Haven’t you heard? Printing money lowers inflation! /S

[gibsonguy]

The rats: an aggressive nation killing cancer.

[Cincinnatus.45-70]

The ‘Rats obviously think a war is coming and are doing whatever they can to insure the US loses.

[ridesthemiles]

There is a REASON it is called “STRATEGIC OIL RESERVES”.

[Sacajaweau]

I’m aware. Trump said...fill it to the brim...and he mentioned WAR as No. 1 intended use

[Chode]

buy HIGH and sell low... right?