peter to pay paul

Started by DUM1, January 26, 2022, 09:03 AM

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DUM1

https://finance.yahoo.com/news/u-clears-second-largest-ever-193342636.html


U.S. Clears Second-Largest Ever Loan of Oil From Strategic Reserve
Prior to today's award, the agency had granted over 8 million barrels of strategic reserve oil as part of the exchange program that had offered a total of 32 million. Awardees of this program are expected to return the barrels during 2022-2024. In a separate offer, the Biden Administration had sold 18.1 million barrels of SPR crude for delivery over February and March.


Biden's new game

so the giants get "awarded" reserves on future barrels that they cant guarantee ?
is that going to be at a higher price when they "return" them?

byte

I will never pay Paul.