3 ms·

Storing barrels of oil, and selling during the next crisis seems like a sure fire way to make a lot of money.

• euroderf 4y ago
  Hello, Strategic Petroleum Reserve !
• chii 4y ago
  yes, if only the storage was free, and the commodity easy to transport to areas where demand was.
  • koolba 4y ago
    > yes, if only the storage was free, and the commodity easy to transport to areas where demand was. Trump tried to do exactly that in the original 2020 COVID stimulus bill: https://www.cnbc.com/amp/2020/03/26/us-suspends-plans-to-buy-oil-after-funding-is-left-out-of-2-trillion-stimulus-package.html https://www.cnbc.com/amp/2020/03/26/us-suspends-plans-to-buy... Original plan was to buy $3B worth of oil at about $24/barrel to fill the strategic petroleum reserves. But the Democrats blocked it in the Senate and demanded it’s removal from the bill.
    • MafellUser 4y ago
      125 million barrels that's like 6 days worth of US daily consumption. It's crazy how much oil the US consumes on a daily basis.