Facing Crude Reality in Stimulus Bill


At a time when millions of Americans are wishing they had socked away a bit more for a rainy day, one of the government’s most important stockpiles isn’t getting a top-up after all.

“We’re going to fill it right up to the top” said President Trump less than two weeks ago about the Strategic Petroleum Reserve, which holds hundreds of millions of barrels of crude in case supplies ever run short. The world has the opposite problem today: a surfeit amid a price war and demand collapse.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *