Based on the record low price of oil
that you've been seeing,
it'a at a level that's very interesting
to a lot of people,
we're filling up our national
petroleum reserves.
Strategic, you know, the strategic reserves and we're looking to put as much
as 75 million barrels into the reserves
themselves that would top it out.
That would be first time in a
long time it's been topped out.
We'll get it for the right price.
US crude futures today went below zero,
went into negative territory.
Went negative?
 – Yeah.
Like interest rates they go negative.
Does that make you want to see Saudi Arabia and Russia and OPEC
plus do more ...
Well it's for a short term.
Much of it has to do with short sellers,
a bunch of it has to do ...
If you look a month into the future
I think it's at $25 or $28 a barrel.
So a lot of people got caught.
They got caught and there are a lot of
people that are not too happy
because they got caught.
So if you take a look at it you'll see
it's more of a financial thing
than an oil situation but because
you take I believe in a month or so,
in other words go a little bit out,
it's at $25 and $28 a barrel
so it's largely a financial squeeze.
And they did get squeezed.
You know the price of oil right now,
don't you?
I do. Do you know the price of oil?
– I do. I actually do.
It's -$37.
Of course, nobody has ever heard
of negative oil before
but it's for a short term.
Are you asking for funding
– Well at a minimum,
we'll let people store,
so we'll store it.
We'll use it as storage and charge for it.
If we could buy it for nothing,
we're gonna take everything we can get.
The only thing I like better than that is
where they pay you to take the oil,
but that's a short-term squeeze,
you understand that.
So I don't think you're going to see that.
But no, we'd like to have Congress ...
this is a great time to buy oil
and we'd like to have Congress approve
it so that we could instead of just
storing it for the big, usually the big
companies,
so we're going to get, either
ask for permission to buy it
or we'll store it.
One way or the other it will be full.
