WASHINGTON (Bloomberg) - Funding for President Donald Trump’s plan to
fill up the nation’s emergency oil reserve to help struggling drillers
cope with the price crash failed to make it into the latest stimulus
legislation, but could return in other forms.
Lawmakers eager to get the stimulus package to the president
essentially opted to defer a fight over whether to pair the oil purchase
with funding for clean energy. But the issue could arise as Congress
takes up additional coronavirus-related legislation in coming weeks.
In a letter to caucus members, Senate Democratic Leader Chuck Schumer
claimed victory after blocking a “bailout for big oil.” A previous
Republican draft of the bill contained $3 billion to top up the
Strategic Petroleum Reserve.
https://www.worldoil.com//news/2020/3/25/funding-to-refill-us-strategic-petroleum-reserve-cut-from-stimulus-plan
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