A while back I suggested that our federal government buy, at today's rock-bottom prices, more oil to add to our Strategic Petroleum Reserve ... see: A Strategic Suggestion. This would help out the oil fracking industry in the United States while, at the same time, providing a cushion against future petroleum shortages. Now guess what? Our government is doing just that ... proposing the purchase of up to 5 million barrels to add to this reserve ... see: CNBC Story. Will miracles never cease?
I have a further suggestion ... how about making it 50 or 100 million barrels?
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