Oil prices are soaring, but Trump is downplaying the need to tap the Strategic Petroleum Reserve

[Hugin]

5. Thanks for pointing out the refilling discrepancy.

The republican fossil fuel lobby has been trying to gut the strategic reserves for decades. Due to the fact it gives the federal government a measure of control over the supply/demand curve. I seem to remember that it was at its lowest level ever during Trump’s first imposition. I can see him proclaiming that it wasn’t needed any more and the invisible hand of the private markets would self-correct any problems. There’s that damned irony again.