Trump proposes selling off half the US strategic oil reserve

Half of the nation's emergency oil stockpile could be sold off in order to trim national debt, according to a proposal from the Trump administration.

BY CATHERINE TRAYWICK & JENNIFER A. DLOUGHY, BLOOMBERG

The White House plan to trim the national debt includes selling off half of the nation’s emergency oil stockpile, part of a broad series of changes proposed by President Donald Trump to the federal government’s role in energy markets.

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