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'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
Posted on 03/25/2022 12:15:51 PM PDT by 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.
(Excerpt) Read more at washingtonexaminer.com ...
TOPICS: News/Current Events
KEYWORDS: 202003; gasprices; oil; schumer; strategicreserve
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.
To: SpeedyInTexas
Trump had it filled to the brim.
2
posted on
03/25/2022 12:17:35 PM PDT
by
Sacajaweau
( )
To: SpeedyInTexas
Biden sure wishes more oil was in reserve now. But, does he?
3
posted on
03/25/2022 12:18:10 PM PDT
by
ClearCase_guy
(Ukraine is not a good country and does not deserve active US support.)
To: SpeedyInTexas
4
posted on
03/25/2022 12:20:41 PM PDT
by
Sacajaweau
( )
To: SpeedyInTexas
Only $2 trillion more debt? Pikers!!
5
posted on
03/25/2022 12:25:26 PM PDT
by
Seruzawa
("The Political left is the Garden of Eden of incompetence" - Marx the Smarter (Groucho))
To: ClearCase_guy
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....
6
posted on
03/25/2022 12:29:24 PM PDT
by
blackdog
(Today's "disinformation" most often turns out to be tomorrow's facts. )
To: Seruzawa
Haven’t you heard? Printing money lowers inflation! /S
7
posted on
03/25/2022 12:35:57 PM PDT
by
pnut22
To: SpeedyInTexas
The rats: an aggressive nation killing cancer.
8
posted on
03/25/2022 12:48:55 PM PDT
by
gibsonguy
To: SpeedyInTexas
The ‘Rats obviously think a war is coming and are doing whatever they can to insure the US loses.
9
posted on
03/25/2022 1:57:20 PM PDT
by
Cincinnatus.45-70
(What do DemocRats enjoy more than a truckload of dead babies? Unloading them with a pitchfork!)
To: Sacajaweau
There is a REASON it is called “STRATEGIC OIL RESERVES”.
To: ridesthemiles
I’m aware. Trump said...fill it to the brim...and he mentioned WAR as No. 1 intended use
To: SpeedyInTexas
buy HIGH and sell low... right?
12
posted on
03/25/2022 8:11:32 PM PDT
by
Chode
(there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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