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DOE working to lease out 23 MMbbl of Strategic Petroleum Reserve capacity http://www.worldoil.com/news/2020/4/14/doe-working-to-lease-out-23-mmbbl-of-strategic-petroleum-reserve-capacity#.XpaDbFVnDGM.twitter
"......negotiating with nine companies to rent about 23 million barrels of oil storage capacity in its Strategic Petroleum Reserve as part of a Trump administration bid to help drain the country’s growing glut of crude."
"The Energy Department earlier this month offered to lease as much as 30 million barrels of storage to domestic producers that are struggling to find places to keep excess oil amid an unprecedented collapse in demand caused by the Covid-19 outbreak."
Crude Oil Below $20, Trump Needs To Save U.S. Shale Oil Industry https://www.forbes.com/sites/naeemaslam/2020/04/15/crude-oil-below-20-trump-needs-to-save-us-shale-oil-industry/ | Any attempt to save “big oil” (it isn’t in the case of shale) will be fought by the Democrats. I hope President Trump prevails in this battle. US shale is a key for energy supply security
