Oil Prices Jump 4% After Keystone Pipeline LeakPosted By Greg Shaffer |
Originally Posted by Rod KaufmanThe Keystone pipeline is still down but the strategic reserve is being refilled with oil negotiated and bought at a lower price for future savings:
"The repurchase will pilot a new approach to buy back the oil at a fixed price, the official said.'
https://www.cnn.com/2022/12/16/economy/biden-spr-exchange-and-replenish/index.html
A good idea by the Biden administration and previously not attempted.
LOL....the left had a duckfit and stopped Trump when he proposed to replenish it at less than $30 a barrel.....Now its a great idea at $65 to $75 a barrel.