On the recordJuly 7, 1988
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.
Source
presidency.ucsb.eduRonald Reagan: “The proceeds of this sale should be earmarked for the acquisition of oil for a 10 million barrel Defense Petroleum…”
Editor's note · Context
Statement of Administration Policy: H.R. 4867 - Department of the Interior and Related Agencies Appropriations Bill, FY 1989
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We understood the key to prosperity was low-inflationary growth, and we achieved it.
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