Hacker News Reader

Ya know we're doing a record emptying of the strategic oil reserves right now. Makes sense right?

Except we're giving it to oil companies for free, letting them sell at these very high prices with the promise that they refill the reserves with oil at some time in the future (when it's cheaper).

Absolutely perfectly corrupt, and American, way to go about it.

View on HN

Except we didn’t even refill it last year when oil prices did fall to rock bottom.

Because the U.S. government (even generally…there’s obviously no hope for this administration) is structurally incapable of making decisions that have a benefit horizon of more than a couple of years.

Reply on news.ycombinator.com