2/28/2020 - DOE Announces Notice of Sale of Crude Oil from the Strategic Petroleum Reserve

[Backseat Driver]

https://www.energy.gov/articles/doe-announces-notice-sale-crude-oil-strategic-petroleum-reserve-0

The Notice of Sale announced today includes a price-competitive sale of up to 12 million barrels of SPR crude. The sale will be conducted with crude oil from the following three SPR sites:

Up to 6 million barrels from Bryan Mound, Texas
Up to 3 million barrels from Big Hill, Texas
Up to 3 million barrels from West Hackberry, Louisiana

"DOE must receive bids no later than 2:00 PM Eastern Time on March 10, 2020. DOE will award contracts to successful offerors no later than March 20, 2020. Deliveries will take place in April and May of 2020."

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Any further info about offers per barrel from the successful buyers and/or deliveries in the time of CoVID-19 National Emergency?

[Bernardo de La Paz]

1. Brilliant buy high sell low. . . . nt

[rampartc]

2. +1

this would be a good time to fill the strategic reserve

[duforsure]

3. Yes that would be good, but he'll do the opposite

Putting us in jeopardy by draining it instead. For Putin? Probably, and why the counterintel guy was fired also, putin wanted it done.

[rampartc]

4. i might be a contrarian here

but i don't think trump takes orders from putin. he is beholden to the russian mobsters who hold his markers.

this strategic reserve is mostly the result of an idiot in chief who does not understand "strategic" or "reserve"

[Wounded Bear]

6. Who do you think is the head Russian mobster?

All roads lead to Putin.

[tirebiter]

5. Is this somehow supposed to raise the price of a barrel of oil

Call me confused. Too much snake oil from this hombre.

[Alacritous Crier]

7. WTF??? -- nt

[Roland99]

8. Soooo..this was done BEFORE oil prices crashed?

I thought it was VERY odd that Twitler announced the US would be adding to the SPR after oil prices plummeted

They knew