alt Hacker NewsIt was a missed opportunity to top it off from about 625m to 714m barrels. But the Trump administration really shot themselves in the foot by loudly championing it as a bailout for big oil. Trump didn't care about the reserve, he cared about the oil industry. A lot of money was going out the door.
> But the Trump administration really shot themselves in the foot by loudly championing it as a bailout for big oil.
For all I hate about him and his admin, the trump admin didn't call it a "bailout" once that I can find (even with the help of AI). The only quotes I can find are Chuck Schumer / Democrats calling it that and no direct quote of Trump saying it. In fact this is what I can find:
> On March 13, 2020, Trump described it as purchasing crude oil “at a very good price.” He said filling the reserve would save taxpayers money while also “helping our oil industry.”
> On April 3, a reporter directly asked Trump whether oil executives had requested a bailout. Trump answered: “No, they didn’t ask for a bailout. No.”
> The “bailout for big oil” wording came from Chuck Schumer and Senate Democrats, not Trump. Schumer’s official March 25 press release claimed that the final CARES Act had: “Eliminated $3 billion bailout for big oil.”
Would love to be proven wrong here.
> Trump didn't care about the reserve, he cared about the oil industry.
Does that even make a difference?
Either way it's filling the reserve for instances exactly like this, and was blocked by politicians to try and "win" for their party at the expense of every US citizen.