Dems Hate America, The Proof –Here’s a story that you likely missed. When the cost of oil crashed in March, President Trump sought to restock the strategic petroleum reserve. The Democrats killed the $3 billion deal a week later. They called it a bailout for big business. Leave aside a purchase at what was thought at the time a bargain basement price to fill a strategic need is anything but a bailout, failing to recognize that a strong domestic oil industry is necessary to our security is rather anti-American. It’s almost treasonous.
But they did it. No harm though. When the price of oil went negative, Trump offered to let the oil companies use the strategic reserve for storage, and the oil firms took him up on it using oil in lieu of dollars to pay the rent. Win-win all around, it seems. It was actually kind of brilliant on Trump’s part.
One downside is that the original plan called for filling the reserve to its capacity which would have required 77 million barrels The new plan calls for the storage of just 30 million barrels and, of course, the oil companies continue to own the stored oil.
Still the Democrat Party sabotaged a plan to increase our security at a bargain basement price and help an essential, job-intensive industry. We’ll call it treason.
By the way, did you see where China is buying 117 supertankers worth of cheap oil?
Yes, the Dems are traitors, in so many ways.
Why is the US selling crude oil to China? Our reserves are low so why don’t we refine the crude oil in Alaska to fill our reserves to capacity?