3 ms·
They announced it. https://www.energy.gov/articles/doe-announces-long-term-buyback-plan-ensuring-continued-availability-strategic-petroleum https://www.energy.
by maxerickson 4y ago
They announced it.
https://www.energy.gov/articles/doe-announces-long-term-buyback-plan-ensuring-continued-availability-strategic-petroleum https://www.energy.gov/articles/doe-announces-long-term-buyb...
The only aspect of it that people actually care about is how much gas costs at the pump, the rest of it is just media froth, so I can see why the government isn't working very hard to repeatedly communicate that they are participating in the market in an attempt to smooth out supply and demand.
That they are selling and buying into the global market is a lot better than trying to fix prices or mandate production or rationing.