Ronald Reagan actually said...

The proceeds of this sale should be earmarked for the acquisition of oil for a 10 million barrel Defense Petroleum Inventory and for increasing the fill rate of the Strategic Petroleum Reserve.

Context

Statement of Administration Policy: H.R. 4867 - Department of the Interior and Related Agencies Appropriations Bill, FY 1989

07/07/1988

https://www.presidency.ucsb.edu...

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