Saturday, October 31, 2015
buy high, sell low - the definition of stupid
oilprice | That’s what Congress is considering as it eyes selling oil from the
U.S. Strategic Petroleum Reserve (SPR) to pay for certain projects in
its latest spending plan.
The last time the U.S. bought oil for
the SPR in 2000 through 2005, oil prices were rising (Figure 1). Now
Congress wants to sell oil when prices are the lowest in a decade and
continuing to fall.
By
CNu
at
October 31, 2015
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Labels: Ass Clownery , Irreplaceable Natural Material Resources
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