Trump Admin to Buy Millions of Barrels of Oil
The Trump administration plans to buy millions of barrels of oil as the oil industry continues to slump amid supply and demand issues.
According to The Hill:
The U.S. government will buy 30 million barrels of oil from producers amid a financial downturn for the industry.
AdvertisementThe Department of Energy (DOE) announced Thursday it would conduct the sales to fill the Strategic Petroleum Reserve, fulfilling a pledge by President Trump to offer assistance to the oil industry as prices plummet with the twin threats of the coronavirus and an oil pricing war between Saudi Arabia and Russia.
But those initial 30 million barrels are a far cry from Trump’s pledge to fill America’s emergency fuel supply “right up to the top,” maxing out at 77 million barrels. The Energy Department said additional purchases will follow but has not yet laid out a timeline.
“DOE is moving quickly to support U.S. oil producers facing potentially catastrophic losses,” Energy Secretary Dan Brouillette said in a statement.
The move will likely anger Democrats who have spoken out against any aid package to the fossil fuel industry.
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About The Author
Before the elections, of course, the democrats need several hundred millions dollar in food stamps, the currency through which they won many elections!
In times of crisis, prudence dictates that critical items be stockpiled – good job, Pres. Trump….
And we all know exactly how dumb the democrats are!
I am being attacked and scammed. The more I share the more scammers, the more I am attacked by the web, and I was attack by anti semitic Jews in Sebastopol, CA.
So please help me get home to Israel to help Strengthen Israel with the Israel Longhorn Project. It has been reported Israel has ISIS on it border and there is now close to 2 million poor Israeli, or 800,000 Israeli families or 500,000 Israeli children. We will repair the desert soil so more water and bad air or Co2 go into the soil and more healthy good air O2 comes out with the new grass. So it is very important that we “strengthen Israel with the Israel Longhorn Project” at http://longhornproject.org
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Robin Rosenblatt
The Israel Longhorn Project
7777 Bodega Ave. S-107
Sebastopol, CA 95472, USA
[email protected]
Nonprofit # 74-3177354
http://longhornproject.org
650-631-9270
paypal.me/longhornproject
A $50,000 donation from four of you will allow us to start; a $1000 gift from each of you will solve this problem. We need $700,000, if you want to make it easier for us, than 1.5 million dollars would do it. paypal.me/longhornproject
This feels and sounds like Nazism in the late 1930’s.
Sadly, a regrettable anti Semite incident took place on Shabbat 04/08. A foundation that helps nonprofits that don’t have money has removed the Israel Longhorn Project from their list and stop helping us. They wanted us to remove any and all information from our website about Arab attacks on our ranches and farms, that includes attack their own ranches and farms.
This foundation supports Islam in every way and form including terrorism. All you need to do call and tell them them you want help defend Islam and they will find you a nonprofit; like CAIR, the Muslim Brotherhood or other more serious terrorists groups. Islam is essentially the same as Nazism.
This feels and sounds like Nazism in the late 1930’s.
I shared their contact information with the IRS, Mossad, Zahal and others.
Auerbach Global-Impact Foundation (is a pro Islam Foundation) Islam is essentially the same as Nazism.
Respectfully yours,
Robin
PRESIDENT TRUMP SHOULD DO ANYTHING THAT WILL PISS OFF THE DUMARATS,AS THEY NEED TO LEARN A LESSON. SUPPORT AMERICA,NOT ABUSE IT YOU BUNCH OF DUMB ARSS HOLES!
If we can find the welfare state, subsidize the farming industry, then in all fairness ( like the Dems are always wanting, ie: impeachment, yeah right, it’s never fair ) then let’s take care of the oil and gas industry and KEEP AMERICA GREAT!
I agree with Stan. He’s got it right.
Donald Trump had a solid backgroind in business dealings and this oil putchase sounds like a very good idea to me. His expertise has put America back on solid ground again despite the miserable tactics by the left to destroy America.
Trump will only do what is right for the American people unlike the lefties.