Good businessman decision. Caution: about something political.

[Valker]

Did you hear this BRILLIANT move Trump made to stick it to Russia and the Saudis?
I'm sure you did NOT, because the Media is too busy in their NEVER-ENDING efforts to make Americans hate Trump.
Let me help inform you, how easily your opinion is being steered by your news media.

This explains how in his Friday Rose Garden address, President Trump quite deftly made an end-run around a part of the current crisis that the Saudis created last Monday:

Saudi Arabia Floods Market with Ultra Low Price Oil to Crash Market, Take out US Oil... HE BOUGHT IT ALL!!!

So Saudi Arabia just 'so happened' to flood the market with ultra low cost oil at the same time that our stock markets were crashing due to Corona Virus (as if that wasn't planned) in an attempt to crash the US markets as well as to put US oil companies out of business.

US Oil producers need about $30 per barrel of oil and conveniently Saudi Arabia dumped oil at around +- $20 per barrel to hurt both Russia and America.

Well... Just so happens that Obama had lowered our strategic oil reserves for his slush fund and then spent the dough buying votes. So there's plenty of room in our storage facilities for lots more oil.

So... instead of what would have been an economic disaster, taking the USA from being a top Oil producer down to being the #1 in the number of oil companies going out of business...

Prez. Trump saw the move as a great deal on oil, at ultra low prices...

So he declared a national emergency, freeing up US Federal Funds which allowed him to suck up all the oil that Saudi Arabia dumped on the market, at a super low price for the USA Strategic Reserves!

That move basically sucked all the wind out of Saudi Arabia's attempt to crash the oil market and got us millions of gallons of oil for our oil reserves... in ONE MOVE!

Thank you Daniel Duffy for helping keep the TRUTH in front of Americans.

PS, if you read this far, you are more informed and independent thinking than the average radical liberal.

And this, THIS is why having a “Business Minded” President is better than having a “Progressive” Minded President! Trump 2Q2Q.

[old2soon]

         How frikkin kewl is DAT?  And I might add I are STILL a Proud member of The Basket of Deplorables!  And I agree completely-Trump 2020. RIDE SAFE.

[Savago]

It would be nice if you had a link to a source about this news.

I'm having a bit of trouble to understand *how* giving money to the Saudis (instead of the oil producers in the USA) is something good?

Or was it the other way around: he bought more oil from the American producers? If paying market low  prices, it is a good thing.

[Oss]

here ya go

https://www.cnbc.com/2020/03/13/trump-asks-energy-department-to-purchase-oil-for-the-strategic-petroleum-reserve.html

If our producers will LOSE $ at 30 then it is good to top off our strategic reserve at $20. and blow out the saudi threat with I think around 70+ million barrels of oil
The immediate effect was futures started rising

As for the OP, if Eric told me it was snowing in his town in May, I would believe him

[f6john]

I knew about Trump topping off our reserves (from Fox News of course) but I didn’t know the details. Thanks for the rest of the story, and that’s why I love the way Trump thinks.

[da prez]

  Just to P O my neighbor . TRUMP 2020 and 2024. That will be my yard sign.
 We finally have someone running the country like a business.
  BTW , who is Daniel Duffy. I just tried looking him up and found a football player plus others.
                                     da prez

[Chrisj CMA]

It would be nice if you had a link to a source about this news.

I'm having a bit of trouble to understand *how* giving money to the Saudis (instead of the oil producers in the USA) is something good?

Or was it the other way around: he bought more oil from the American producers? If paying market low  prices, it is a good thing.

It’s like this. Our oil companies spend more than $20 per barrel to produce it. So Trump saved you millions by filling the reserves for cheap. See you bought that oil not Trump, he didn’t use his money he used yours. Now the reserve is refilled. An accomplishment that would have hurt our oil producers to do.  So they get to now sell us all their oil and keep us energy independent

[Valkorado]

 He da man!

[Valker]

here ya go

https://www.cnbc.com/2020/03/13/trump-asks-energy-department-to-purchase-oil-for-the-strategic-petroleum-reserve.html

If our producers will LOSE $ at 30 then it is good to top off our strategic reserve at $20. and blow out the saudi threat with I think around 70+ million barrels of oil
The immediate effect was futures started rising

As for the OP, if Eric told me it was snowing in his town in May, I would believe him

Thanks, Oss, but this report was actually posted on FaceBook by our EXTREMELY knowledgeable, lifelong oil business friend, HotGlue. I think he may be the most trustworthy person I know.

[Oss]

Hotglue, aka McGyver,  a real fine hombre.   Have you seen his log loader and splitter contraption?

Got to admire a person who can do all that he does.  I can not even hook up a battery without
messing something up.

Oss

Maybe it is lucky that there are no more GOTF at this point.  Would be a shame to have ridden that far and not have the Q 

[Valker]

Hotglue, aka McGyver,  a real fine hombre.   Have you seen his log loader and splitter contraption?

Got to admire a person who can do all that he does.  I can not even hook up a battery without
messing something up.

Oss

Maybe it is lucky that there are no more GOTF at this point.  Would be a shame to have ridden that far and not have the Q 

I agree on all of this.