Quote:
Originally Posted by jimjamuser
Because "everybody knows" that the US is sending Oil to Europe because Russian cut them off. And we do NOT want our allies in Europe to freeze to death. So we MAY (?) have needed to replenish our strategic reserve by going into the OPEN market........on a TEMPORARY BASIS.
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We should never had depleted the Strategic Reserve in the first place!!!
And since the reserves are at their lowest levels since 1980, yes, they MAY need to replenish them...
A former POTUS wanted to replenish the reserves when oil was just $24/barrel... And it was depleted by the administration before his... Unfortunately, he was blocked by Congress...
Now, they are hoping it drops to $80/barrel, so they can start replenishing it again...
Paying over 3Xs as much? Not a very sound financial decision, if you ask me...
