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[quote=Anonymous][quote=Anonymous][quote]The fact that Joe Biden is buying oil to replenish the SPR at 3X the price Trump planned to a mere 3 years ago is a joke. [/quote] The idea of Trump planning something other than a night with a porn actress is a bit of a joke. Face it, he doesn’t plan; he throws tantrums.[/quote] You resurrected an old thread to make a snarky comment with no substance? Yes.... Trump wanted to top off the SPR because the price of oil was so low, but the Dems blocked it. The Trump administration’s plan to top off the Strategic Petroleum Reserve ran into a blockade Wednesday after lawmakers excluded $3 billion in funding for oil purchases from the massive stimulus package before Congress. Senate Democrats took credit for stripping out that money from the Senate bill, unveiled Wednesday, calling it a “bailout” for the oil industry. The administration had announced plans to buy 77 million barrels — enough to fill the reserve. The SPR has about 640 million barrels of oil and filling it up would cost about $2.3 billion, at current prices. The Energy Department solicited offers from small and midsize producers to fill the reserve and cushion the fallout from low oil prices after the global market cratered this month, following decisions from Russia and Saudi Arabia to continue production. https://rollcall.com/2020/03/25/oil-purchase-to-fill-strategic-reserve-dropped-from-stimulus/ [/quote]
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