Matthew Yglesias

@mattyglesias ↗

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Last Checked Dec. 20, 2022

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Fri Dec 16 21:31:53 +0000 2022

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Matthew Yglesias @mattyglesias

But more important than the specific dollars and cents of this one trade, Biden is laying the groundwork for a new vision of the SPR in a world where America — not Russia or Saudi Arabia — is the world’s top oil producer. We can stabilize prices. https://t.co/15NSCF32DO https://t.co/whwRRwWoQS — PolitiTweet.org

Posted Dec. 16, 2022

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Matthew Yglesias @mattyglesias

By refilling now, the administration gets a good deal for the taxpayer. This initial tranche is modest but it’s laying the groundwork for more purchases. That gives US producers price insurance and should continue to guarantee ongoing domestic production. — PolitiTweet.org

Posted Dec. 16, 2022

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Matthew Yglesias @mattyglesias

Even as American transitions to cleaner energy, oil is going to be an important commodity for years to come and cycles of price spikes and collapses will continue to be economically harmful — Biden is seizing an opportunity to curb that boom-bust cycle and do tremendous good. — PolitiTweet.org

Posted Dec. 16, 2022