3 ms·
The US is a net petroleum exporter now, so using the stockpile for price stabilization is the right call. Using it to stabilize prices is actually good long te
by sudosysgen 2y ago
The US is a net petroleum exporter now, so using the stockpile for price stabilization is the right call.
Using it to stabilize prices is actually good long term thinking, because a quicker reduction in inflation will have far more long term benefits than the short term optics of liquidating a ""strategic asset"".
The only risk of a strategic petroleum shortage in the US would be as the result of an attack on US infrastructure, and I don't see how the petroleum reserves wouldn't be the first target. So there isn't any strategic risk in reducing the stockpile. When it was created, the US was a massive petroleum importer - it was a strategic asset but not anymore.
- deleted 2y ago[deleted]