USA prepares to sell off half of the Strategic Petroleum Reserve because…why not?

(Guest Post by Matthew Ladner)

The legacy of Al Copeland Humanitarian Award winner George P. Mitchell just continues to grow and grow. President’s Trump’s budget proposal aims to sell off half of the United States 688 million barrel Strategic Petroleum Reserve over the next ten years because…well…we don’t need it any more. We kind of don’t import oil these days. Especially if you consider the exchanges between the United States, Canada and Mexico’s integrated energy markets local rather than international. Read details here.

I can think of a few more assets Uncle Sam should sell…like the badly mismanaged great outdoors of the American West for instance.

This entry was posted on Wednesday, May 24th, 2017 at 7:51 pm and is filed under Al Copeland Humanitarian Award. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to USA prepares to sell off half of the Strategic Petroleum Reserve because…why not?

  1. Greg Forster says:
    May 25, 2017 at 6:08 am

    Did someone say buying up mismanaged government assets?

    “Leo, you do not yet realize your importance…”

    Reply
  2. Chester Energy and Policy says:
    September 26, 2017 at 6:56 pm

    For anyone looking to get more background on the Strategic Petroleum Reserve, check out this article: http://chesterenergyandpolicy.com/2017/09/26/doe-in-focus-strategic-petroleum-reserve/

    Reply

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