RE:RE:Bloomberg: 9 Oil Companies LEASED 23M Bbls. STORAGE In SPR Yes, CDN, government leasing of storage space in a storage-constrained market is subsidization. Were there NO storage space, WTI oil would be negative.
CDNdollars4me wrote: Free market....oh free market...what about free market...
So how is this not government subsidy.........<
US. Mulls energy investment....Reuters....
Considering taking equity stakes in US energy companies...as it seeks to help the nations oil and gas sector amid the corona virus out break.......WHERE DOES THIS LEAVE CDN OIL AND WHERE IS JT....
Lease = subsidies...imo
Eigen337 wrote: 1.1 million barrels already FILLED IN !!!
Trump want to BUY the crude oil BUT Congress REFUSED to provide the money so he was forced to LEASE OUT the space !!!
~ 54 million barrels are SUPOSEDLY still available for STORAGE IN THE SPR !!!?????!!!
The 9 crude oil companies were UNNAMED but they WON a tender process !!!
This is my opinion only.
Eigen337