The case for a government oil company

The case for a government oil company

Should the U.S. government get into the oil and gas business? Absolutely not! This is a capitalist country and ….

Wait, maybe it makes sense.

Since 1975, the United States has bought and sold oil for the strategic petroleum reserve, a national stockpile established for times of emergency. This year, President Biden has authorized the release of 180 million barrels of oil—one fourth of the total—to help combat gasoline prices that soared to a peak of $5.02 per gallon after Russia invaded…


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