Woodznutz
Platinum Member
- Dec 9, 2021
- 19,057
- 9,027
- 473
- Thread starter
- #61
The reserve oil was sold at market prices, making the sales very profitable. Biden says he will refill when the price drops to $70 bbl. or below. Trump wanted to not only top off the reserve when oil was $20 but wanted more storage capacity built to take advantage of the low price. Sadly, it didn't happen.You’re embarrassing our beloved University of Florida. The profit is $8,000 (I assume you mean $8M) in your scenario because get this… you still have the barrels of oil. There is no second acquisition cost. That’s crazy.