the staff of the Ridgewood blog
Washington DC , the U.S. government is closing out a winning trade. President Joe Biden opened the country’s strategic petroleum reserve in 2022 in an effort to lower prices at the pump and wean Europe off Russian gas. After selling more than 200 million barrels to refiners in the mid-$90s, the Energy Department is now refilling in the mid-$70s.
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Its unfortunate that the congress blocked Trump from refilling it in the mid 20’s per barrel.
It would have been 3x the profit for the taxpayers
The govt will need those “profits” to pay the debt which is now 34 trillion! Growing a trillion $ every 3 months.
“to pay the debt”
it’s now called “investment”
We need this money so we can continue to provide illegal aliens in the lifestyle they are accustomed to.