Re: Oh Boy, False or Truth UGH ? Trump Proposes Selling Off Half the U.S. Strategic Oil Reserve (steady)
It all depends on how they do it, and if they promote it properly. I don't like this dump half option. Sounds bad for the oil market.
- I would rather hear them say they would sell 'gradually' into the market up to half of the reserves, and then would look to gradually replace some of the reserves if prices drop significantly.
Why shouldn't they use the oil reserve to generate some income on price swings as well as stabilize prices? If they did it right, they would also provide support on the low price side.