(04-21-2020 11:33 AM)tanqtonic Wrote:  

(04-21-2020 10:40 AM)westsidewolf1989 Wrote:  https://mobile.twitter.com/realDonaldTru...6028785667

Lol Trump trying to throw money on a raging inferno. Capitalists on the way up and socialists on the way down

Funny the Congress had a clear chance to do that *and* fill up the Strategic Petroleum Reserve at the same time three+ weeks ago.

The Democrats **** canned that idea as welfare for oil.

Edit to add: doesn't really solve the insane oversupply problem, but interesting . . .

good thing they didn't fill up the SPR 3 weeks ago . . .

Quote from A Karsner, pulled from a T. Friedman column of last week, that I kept thinking 'bout yesterday during the meltdown:

"A farsighted leader, argued Andy Karsner, a former U.S. assistant energy secretary, “could have imposed a variable U.S. tariff or fee on imported oil, which would be easily absorbed while prices are now slumping.” Such an import fee “could dynamically and automatically kick in incrementally if prices fell below an agreed floor, say $40 to $50 a barrel — the price that U.S. producers need to stay in business and supply America. The fee would disappear if prices jump above the agreed level. Brent crude is now around $31.”