Trump intends to fill the top of the US oil storage tanks

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Donald Trump announced his intention to take advantage of the fall in oil prices and purchase a large amount of "black gold" to replenish the strategic reserve of the United States.

World media cite the words of the American leader said on Friday during a press conference in the White House Rose Garden:



Based on the price of oil, I instructed the Minister of Energy to purchase a large amount of oil at a very good price for the strategic oil reserve. We will fill it to the very top.


Trump noted that such a decision, made “at the right time and in the right place”, will save billions and billions of dollars to American taxpayers, as well as help the US industry.

Earlier on Tuesday, amid a global drop in oil prices after Russia refused OPEC + to cut production levels, the US Department of Energy decided to cancel the planned sale of oil from the strategic oil reserve.

Statement by the American President and Adoption by the American Authorities economic measures to reduce the negative impact of the coronavirus on the lives of citizens, led to an increase in key US indices at the close of trading on the New York Stock Exchange.

The cost of futures for Brent crude oil with delivery in May 2020, which during trading on the ICE exchange in London grew by 8,7%, reaching $ 36,13 per barrel, did not stand aside.
4 comments
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  1. GRF
    GRF
    +1
    14 March 2020 14: 23
    Like China ...
    And someone, mine, fearing to lose their mythical market share, is in a hurry to sell cheaper ...
  2. Bakht
    Bakht
    +3
    14 March 2020 16: 28
    Do not bother Trump. Objectively, at the moment (important) it is working to increase the cost of oil. But when he begins to impose sanctions against Russian hydrocarbons, then the fun begins.
  3. Observer2014
    Observer2014
    -1
    14 March 2020 16: 38
    Trump intends to fill the top of the US oil storage tanks

    And rightly so. But what else does he need to do in this profitable situation for Western economies?
  4. Bakht
    Bakht
    +2
    14 March 2020 20: 54
    This is called the "market economy". The state is pouring $ 50 billion into oil shale. And who else will tell me that in the West there is no state support for private companies?