President Donald Trump on Friday said he's directed the U.S. Department of Energy to purchase crude oil for the strategic petroleum reserve.
US President Donald Trump speaks at a press conference on COVID-19, known as the coronavirus, in the Rose Garden of the White House in Washington, DC, March 13, 2020.Donald Trump
on Friday said he's directed the U.S. Department of Energy to purchase crude oil for the strategic petroleum reserve in an effort to support the battered sector amid a price war between OPEC and its allies. "Based on the price of oil, I've also instructed the Secretary of Energy to purchase at a very good price large quantities of crude oil for storage in the U.S. strategic reserve," Trump said. "We're going to fill it right up to the top, saving the American taxpayer billions and billions of dollars, helping our oil industry [and furthering] that wonderful goal — which we've achieved, which nobody thought was possible — of energy independence.
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