... That's the point of it. To sell off when prices are high to lower the price.
The price atm is actually reasonable so we can slowly refill the stockpile. Note we are BILLIONS of barrels down, we are slowly buying it back now that prices have dropped. If they drop any more we would buy even more.
XJ347 t1_j0k9emc wrote
Reply to comment by Al_Jazzera in US buying 3M barrels of oil to start replenishing reserves by B1gMay0
... That's the point of it. To sell off when prices are high to lower the price.
The price atm is actually reasonable so we can slowly refill the stockpile. Note we are BILLIONS of barrels down, we are slowly buying it back now that prices have dropped. If they drop any more we would buy even more.