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Donald Trump proposes selling off half the US strategic oil reserve

To trim the national debt includes selling off half of the nation's emergency oil stockpile

Catherine Traywick & Jennifer A Dlouhy 

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. Trump’s first complete Budget proposal, released in part on Monday, would raise $500 million in financial year 2018 by draining the Strategic Petroleum Reserve, and as much $16.6 billion in oil sales over the next decade. The proposal also seeks to boost government revenues by allowing oil drilling in the Alaska National ...

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