[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 12 KB, 258x245, ECAF0287-A073-4C42-999D-A9F078C9FD34.jpg [View same] [iqdb] [saucenao] [google]
18582770 No.18582770 [Reply] [Original]

Why doesn’t the FED just buy oil and prop up the markets like they do with everything else ? I fucking hate the FED and I’m not even American.

>> No.18582788

Where are you going to store it dumb dumb

>> No.18582795

>>18582770
The Fed is bailing out banks, not main street and not anything else.

>> No.18582960

>>18582788
Dump it in Nevada sands.

>> No.18582984

>>18582770
The Fed was going to - 3 billion worth, but Chuckie Schumer threw a fit that oil companies would profit from it, and had it taken out of the relief legislation.

https://www.washingtonexaminer.com/policy/energy/bailout-for-big-oil-democrats-eliminate-3b-strategic-petroleum-reserve-purchase-in-pandemic-relief-package

>> No.18583017

>>18582770
Because Oil is out and renewables are coming in. Industry priced in.

>> No.18583391

>>18582984
>Democratic leader Chuck Schumer released a summary of the agreement that says it no longer contains $3 billion to fulfill President Trump’s order to buy low-priced oil to restock the nation’s emergency Strategic Petroleum Reserve.
yeah his career is over