Trump administration proposes selling half of U.S. oil stockpile
Share Now on:
President Trump has proposed selling half of the Strategic Petroleum Reserve, America’s emergency stockpile of oil, as part of his 2018 budget proposal. The White House says that would lower the federal deficit by nearly $17 billion over a decade. We’ll take a look at how the reserve came about – and why there’s a debate over it.
Click the above audio player to hear the full story.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.